The trade deal between Canada and the European Union gets rid of tariffs on Canadian lobster exports.
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A trade deal between Canada and the European Union could amount to a lump of coal for the U.S. at Christmastime.Canada and the EU brokered a deal this year that gets rid of tariffs on Canadian lobster exports to the 28-nation bloc.Canada, the world's other major lobstering nation, is now at an economic advantage over the U.S. Members of the U.S. lobster industry, which is based in New England, said exports to Europe have been pretty typical this year, but they're worried about the future.China imported less than $800,000 in U.S. lobsters in 2006 and took in more than $108 million last year.
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