China running out of lobster purchases, lawmakers say; Celtics co-owner buys Italian football team
China has failed to deliver on its promise to buy more Maine lobster in a deal that opened the door to an easing of a trade war under former President Donald Trump, leaders in the country have said. Maine Congress.
Maine’s lobster industry was hit by retaliatory Chinese tariffs in 2018 and failed to see substantial export gains after China pledged to buy an additional $200 billion of U.S. product, says the delegation.
Under the ‘phase one deal’, China was supposed to increase purchases above 2017 levels, but China bought ‘almost no lobster above 2017 levels’, according to a letter Thursday from Maine Senator Angus King, an independent, and Representatives. Chellie Pingree and Jared Golden, both Democrats.
They urged US Trade Representative Katherine Tai to “hold China accountable to its purchasing commitments”.
Celtics co-owner invests in Italian soccer team
Investors led by the co-owner of the NBA’s Boston Celtics have bought Atalanta, the soccer team that has crashed into Italy’s top flight in recent years.
Stephen Pagliuca is at the head of the group which bought 55% of the shares of the family business Percassi which held 86% of the Serie A club.
Le Percassis via La Dea Srl will remain the main shareholder, Atalanta said. Antonio Percassi will remain club president with his son Luca still CEO, while Pagliuca becomes co-president.
Atalanta have finished third in each of the last three seasons and reached the quarter-finals of the lucrative Champions League in 2020.
“Atalanta and the Boston Celtics share the same sporting values,” Pagliuca said in a statement, “team spirit and a unique connection to their fans and communities.