U.S. moves to protect lobster industry, threatens tariffs on China

WASHINGTON (Reuters) - U.S. President Donald Trump signed a memorandum aimed at protecting American lobster fishermen who have found export markets drying up, a White House adviser dubbed the "lobster king" said on Wednesday, adding China could face new tariffs."If those purchase commitments are not met, the United States Trade Representative has been directed to use his discretion to impose ... reciprocal tariffs on the China seafood industry," trade adviser Peter Navarro told reporters. He was..