Saturday, April 28, 2018

Tariffs and lobster

The tariffs would lead to commodities price hikes in US as an invisible tax to benefit the government. Commodities will rise else where due to demand such as from "One Belt, One Road" projects and the wealthier China. For example, we used to enjoy $15 for twin lobsters in a Chinese restaurant and now it is $40 as many lobsters literally fly to China.

With tariffs, banning some trades from China and the rising interest rate, we will expect inflation.

I have tried many lobsters around the world including Florida. The best one is still from New England.

Lobster tails are shipped all over the world. Chinese like to have the entire lobster for better display.
From the local news right now on the minute, the lobster price is $15/pound due to overseas demand.

No comments:

Post a Comment