U.S. and EU hatch mini-deal to cut lobster, other tariffs

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The United States and the European Union on Friday announced a mini-deal valued at around $200 million to cut import tariffs on a small range of products, including U.S. lobsters, in a sign of easing transatlantic trade tensions.

FILE PHOTO: U.S. and European Union flags are pictured during the visit of Vice President Mike Pence to the European Commission headquarters in Brussels, Belgium February 20, 2017. REUTERS/Francois Lenoir

Under the agreement, the EU will remove tariffs of 8%-12% on imports of lobsters, while the United States will halve its duties on imports of certain glassware, ceramics, disposable lighters and prepared meals. Lobsters have been a big concern for Trump, who threatened in June to impose tariffs on Europe and China over lobster duties.

The agreement will still need approval from EU governments and the European Parliament. That could come within weeks.

 

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Too late.

Trump makes a great ally, doesn't he? Let's ask the Brits.

Subsidised lobster fishermen in the age of service industries.

Well I suspect that the Brits wont like this at all brexit nodeal

Jewish community will be very happy for that move.

🦞🦞🦞🦞🦞🦞🦞🦞 Nice lift for Senator Collins.

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