U.S. and European Union (EU) officials said Friday they reached agreement on a plan for the EU to lower tariffs on imports of lobster from the U.S. and other suppliers, with the U.S. agreeing to lower duties on a list of other items of equal value.
EU Trade Commissioner Phil Hogan announced the action even as some indicated they had hoped the issue might be dealt with in broader negotiations between the two sides. But those trade negotiations are proceeding very slowly as the U.S. is currently focused on a trade deal with the UK over one with the broader EU.
Still, the U.S. lobster industry is welcoming the development with their attention also on the trade situation with China.
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