Florida lobster fishermen fear trade war amid Irma recovery
KEY LARGO, Fla. — Just as they prepare for a crucial harvest in the wake of Hurricane Irma, lobster fishermen in the Florida Keys fear a trade war with China could undermine storm recovery in the island chain.
Lobsters are among the seafood and other U.S. goods hit by Chinese tariffs in early July, after the Trump administration put tariffs on billions of dollars' worth of Chinese goods.
Florida's nearly eight-month commercial spiny lobster fishing season opens Monday. Keys fishermen had hoped the harvest would help them recoup losses from last September's hurricane, which made landfall in the Keys with 130-mph (210-kph) winds.
But the industry has come to depend on Chinese exports over the last decade, and fishermen worry tariffs that could raise prices by 25 percent will send the Chinese market looking for lobster in another country's waters.
"Coming into this year, we were hoping for better prices because of the loss of traps, gear and revenue," said Ernie Piton, president of the Florida Keys Commercial Fishermen's Association and a lobster fisherman.
"Hopefully the tariffs will get figured out because you can't run your boat and not make money, especially after a hurricane year when you've lost so much," Piton said in a recent interview outside his Key Largo home, where he docks his boat, "Risky Business II."
https://www.msn.com/en-us/money/markets/florida-lobster-fishermen-fear-trade-war-amid-irma-recovery/ar-BBLrLUg?li=BBnbfcN
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