President Donald Trump signed a memorandum on June 24 to support the lobster industry, following conversations that started with the roundtable discussion in Maine on June 5.

"It's a promise made, promise delivered," said John Horstman, director of media affairs and special assistant to the president.

[Editor's note: This story has been updated to correct the action taken. Prior to publication, sources named the declaration an executive order, but it was a memorandum.

A memorandum can be changed by an executive order, but an executive order is given the rule of law and is published in the Federal Register.]

Though details are still developing, the memo is expected to give the lobster industry the same assistance farmers received as a result of the retaliatory tariffs coming from China.

The president has also pledged to monitor the phase one trade agreement with China, which includes China's commitment to buy $150 million in products from the U.S. lobster industry.

The memo also commits to a closer look at the trade disparities that have developed between Canada, Europe and the United States regarding lobster exports.

This story has been updated in a new post.

Jessica Hathaway is the editor in chief of National Fisherman. She has been covering the fishing industry for 16 years, serves on the Alaska Seafood Marketing Institute's Communications Committee and is a National Fisheries Conservation Center board member.

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