Between a trade war and a pandemic, Maine’s lobster market braced for the worst. That didn’t happen.
This summer, fishermen in Maine feared that the lobster market would crater—given Covid-shuttered restaurants, plunging tourism, and Trump’s trade war with China, all expected to drive prices downward. As it turns out, those fears may not have been wholly warranted. Associated Press reports that by August, lobstermen were receiving prices commensurate with past years, while industry analysts noted that people had turned to retail to fill the crustacean-shaped holes in their hearts and stomachs. Consider that.