President Trump signs memo to aid lobster industry

President Donald Trump is directing the Department of Agriculture to provide U.S. lobster fishermen with financial assistance to make up for lost income from Chinese tariffs. White House trade adviser Peter Navarro tells reporters that Trump signed a memorandum Wednesday calling on the agency to make subsidies available to the lobster industry like those given to soybean and other agricultural growers. Navarro says Trump is also directing the U.S. trade representative to report by July 15 on whether China is beginning to comply with $150 million in lobster purchase commitments under the “phase one” agreement signed by the president earlier this year.China issued retaliatory tariffs of its own on lobster which lead to a 50% drop in Maine lobster exports in 2019.Gov. Janet Mills said Thursday that she wrote to the president earlier this year asking for federal help to aid the state’s seafood industry.Mills said she called on the president to to prioritize policies that will help the lobster industry.”After years of hammering Maine’s fishermen with shortsighted trade wars, I am pleased the President is beginning to recognize the harm his Administration’s policies have caused and now wants to take steps to rectify them. This is a welcome step forward,” Mills said.Mills said her administration will continue to work with the Congressional delegation to support Maine’s fishing industry.

President Donald Trump is directing the Department of Agriculture to provide U.S. lobster fishermen with financial assistance to make up for lost income from Chinese tariffs.

White House trade adviser Peter Navarro tells reporters that Trump signed a memorandum Wednesday calling on the agency to make subsidies available to the lobster industry like those given to soybean and other agricultural growers.

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Navarro says Trump is also directing the U.S. trade representative to report by July 15 on whether China is beginning to comply with $150 million in lobster purchase commitments under the “phase one” agreement signed by the president earlier this year.

China issued retaliatory tariffs of its own on lobster which lead to a 50% drop in Maine lobster exports in 2019.

Gov. Janet Mills said Thursday that she wrote to the president earlier this year asking for federal help to aid the state’s seafood industry.

Mills said she called on the president to to prioritize policies that will help the lobster industry.

“After years of hammering Maine’s fishermen with shortsighted trade wars, I am pleased the President is beginning to recognize the harm his Administration’s policies have caused and now wants to take steps to rectify them. This is a welcome step forward,” Mills said.

Mills said her administration will continue to work with the Congressional delegation to support Maine’s fishing industry.