Maine Coast Remains Bullish on Growth in Face of Tariffs

March 15, 2019 Maine Coast

Maine Coast, one of the largest lobster companies in the state, says tariffs on its lobsters headed to China have taken a bite out of sales but the company has strategized on how to make up the lost revenue. CEO Tom Adams said, “There is no question the tariffs have hurt us but our strategy has always been to be nimble and we have aggressively sought out new markets and are making greater inroads in familiar markets.

Thai Orchid Growers Turn to China as US Sales Wilt Under Tariffs

The U.S. is the No. 1 importer of Thai orchids, bringing in $20 million worth of the flowers a year. But Washington in 2018 removed a tariff exemption on the blooms, which had been granted for decades under the Generalized System of Preferences, a program for promoting the growth of developing economies.