Trade agreements

Biden blasts Trump for repeatedly sympathizing with Kim Jong-un

President Trump and Melania during a state visit in Japan
Photo: Athit Perawongmetha - Pool/Getty Images

2020 Democratic hopeful Joe Biden released a scathing comment on Tuesday after President Trump concurred with North Korean dictator Kim Jong-un's critical assessment of the former vice president.

"The President's comments are beneath the dignity of the office. To be on foreign soil, on Memorial Day, and to side repeatedly with a murderous dictator against a fellow American and former Vice President speaks for itself. And it's part of a pattern of embracing autocrats at the expense of our institutions - whether taking Putin's word at face value in Helsinki or exchanging 'love letters' with Kim Jung Un."
— Spokesperson for Joe Biden's presidential campaign

Trade war woes: Maine lobster exports to China down 84%

Photo: Portland Press Herald/Getty Images

Maine's lobster exports to China have plummeted following punitive tariffs placed on a variety of U.S. goods, Maine International Trade Center data reveals.

Details: Before the tariffs were enforced in July 2018, Maine was forecast to have a record year, with $87 million of lobster expected to export through mid-2018 — nearly double the year prior. Maine's ability to compete with Canadian lobster exporters has since dwindled, though the industry continues to aggressively pursue other markets to recoup some of the financial burden from the U.S.-China trade war. "It's gone from very regular large-scale relationships, to very opportunistic," Sheila Adams, the vice president of sales and marketing for Maine Coast Lobster, told SeafoodSource.

Go deeper: China will raise tariffs on $60 billion of U.S. goods