Trap Makers News Today

Consumer spending, you see the fact that we are in a historic moment in terms of our economic growth, i mean, this is the first time in four years that weve seen the gdp break at 4 . It was Larry Summers who said if we get to a 3 growth that it would be fair enough to say if you were to believe in tooth ferries. Jon Allison Barber is reporting from berkley heights, new jersey, near the president s golf club where he is spending this weekend. Allison, how big a deal are these numbers for the whit...

20 people. worker hours have been cut. >> it doesnt affect just my crew. it affects the lobster catchers, their crews, the trap makers, the guys that do rope, the guys that do bouys. >> reporter: advocates fear lost access to the chinese market will hit the whole industry, from wholesalers to harvesters. >> its about rural jobs for us. it has an impact on our rural communities, the islands and coastal towns. >> reporter: michael floyd has been pulling lobsters from the sea since childhood. >> ri...

>> reporter: his company employs 20 people. worker hours have been cut. >> it doesnt affect just my crew. it affects the lobster catchers, their crews, the trap makers, the guys that do rope, the guys that do bouys. >> reporter: advocates fear lost access to the chinese market will hit the whole industry, from wholesalers to harvesters. >> its about rural jobs for us. it has an impact on our rural communities, the islands and coastal towns. >> reporter: michael floyd has been pulling lobsters fr...

Record 18 million-pound of lobster alone, roughly 20% of the american lobster industries $648 million export total. but it was new u.s. tariffs beijing struck back, slapping an additional 25% levy on u.s. lobster. the changes threatened profits for dealers like michael. >> 50% of what we do what the lobster company do to go to china. since july 6th weve sent none. >> his company employs 20 people. worker hours have been cut and he hopes to avoid layoffs. >> it doesnt affect just my crew, it affe...