June 20, 2018 — China’s proposed retaliatory tariffs on U.S. lobsters would have a crushing impact on Gloucester lobster exporters such Mortillaro Lobster Inc. and Intershell, likely pricing their lobsters and all others from the U.S. completely out of the most vibrant lobster market in the world.
“I think this is going to kill us,” said Vince Mortillaro of the Commercial Street lobster sellers that bears his family’s name. “We’re already dealing with the treaty Canada has with the European Union that allows them to sell their lobsters cheaper there. Now with this on top of it, forget about it.”
On Friday, China announced additional 25 percent tariffs on approximately 545 American exported products with a collective value of $50 billion and the seafood industry — particularly U.S. lobster harvesters, processors and sellers — was hit hard.
Those tariffs were in retaliation to U.S. import tariffs on Chinese goods announced earlier by President Donald Trump.
China said it is imposing new tariffs — set to go into effect July 6 — on about 170 U.S. seafood products worth approximately $1 billion.
While the number of seafood products represents about 31 percent of the total U.S. products affected by the new tariffs, it accounts for only 2 percent of the $1 billion value of all U.S. products facing additional 25 percent tariffs from the Chinese.