EU closer to abolishing lobster tariffs; Mutual of Omaha replaces the Indian boss logo
The European Union is closer to abolishing import tariffs on American lobsters after a key committee approved the move.
European nations buy lobsters from the US and Canada, but the US has put Canadians at a trade disadvantage because of tariffs. However, the European Parliament’s Trade Committee on Tuesday voted for a new deal to remove tariffs on live and frozen American lobsters.
The agreement requires the approval of the entire European Parliament, said the Republican US Senator Susan Collins from Maine, one of several American politicians who have campaigned for the abolition of tariffs.
The deal would last five years, said Collins’ office.
Europe was a major buyer of US lobsters before tariffs, accounting for 15% to 20% of annual lobster exports, the Collins office said. Industry members said they were confident of regaining that status in Europe.
“This is a step in the right direction for US lobster companies,” said Annie Tselikis, executive director of the Maine Lobster Dealers’ Association.
The US lobster industry is primarily headquartered in Maine and Massachusetts.
Mutual of Omaha replaces the Indian boss logo
Mutual of Omaha unveiled a new company logo featuring an African lion on Thursday to replace the Indian boss who has been the insurance and financial services company’s icon for 70 years.
The Omaha, Nebraska-based company announced plans for a change in July as pressure mounts on businesses and sports teams across the country to create nicknames and depictions that refer to Native Americans amid a nationwide movement calling for racial justice, to discard.
The company said its new logo not only exudes protection and strength, it also provides a strong brand connection with the company, which may also be known for its longstanding sponsorship of the wildlife television show “Mutual of Omahas Wild Kingdom”.
“We chose the symbol of a lion not only to nod to our Wild Kingdom heritage, but also to represent the strong company we have always been,” said Keith Clark, the company’s senior vice president of marketing.