$15,000 AND PLACED HIM UNDER
HOUSE ARREST AND ORDERED HIM
NOT TO RETURN TO SCHOOL.
HE HAS STILL NOT BONDED OUT OF
JAIL.
LAST NIGHT IN OUR SPECIAL
REPORT WE SHOWED YOU HOW LOCAL
SEAFOOD RESTAURANT ARE
STRUGGLING TO KEEP FLORIDA
LOBSTER IN STOCK BECAUSE OF NEW
DEMANDS FROM CHINA.
IN PART TWO OF OUR REPORT,
AN EXPLODING MIDDLE-CLASS THAT
EXTENDS ONTO THE MAINLAND, THE
CHINESE HAVE DEVELOPED A CASE
FOR THE BETTER THINGS IN LIFE.
WHEN YOU GET IT IN YOUR
BLOOD IT IS UNLIKE ANYTHING
ELSE.
YOU WANT TO DO IT.
Reporter: THAT IS A THIRD-
GENERATION COMMERCIAL FISHERMAN
WHO I FIRST MET IN KEY WEST IN
2009.
IT IS SOMETHING WE LOVE AND
IT HURTS US WHEN SOMEONE TRIES
TO TAKE IT FROM US.
Reporter: TODAY HE AND HIS
SON FEEL MORE FINANCIALLY
SECURE THAN THEY HAVE IN A LONG
TIME.
THERE IS A FUTURE IN LOBSTER.
LOCAL LOBSTER BYERS SAY THERE
WAS COLLUSION AMONG THE LOCAL
BYERS TO HURT FISHERMAN BY
KEEPING THE LOBSTER PRICES LOW.
THERE WAS MUCH MORE
COMPETITION AND THERE WAS A
WHOLE SET OF COMPANIES THAT
WERE IN THE MARKET AND BUYING
LOBSTERS.
AND THEY PAID EXORBITANT PRICES.
AND GUESS WHAT, NOW THEY ARE
NOT PAYING $24 A POUND.
NOW THEY ARE PAYING EIGHT
DOLLARS A POUND.
DO YOU THINK THE CHINESE
WORK TOGETHER?
I THINK WHEN THEY THINK THEY
CAN MAKE MONEY, THEY WILL DO
THE SAME THING THAT WE DID.
THEY WILL RAISE THE PRICE.
WHEN THINGS ARE BAD AND THERE'S
NO MONEY TO BE MADE, THEY WILL
BE FRIENDLIER TO EACH OTHER.
Reporter: THEY WARN THAT
THERE ARE NO GUARANTEES THAT
THE CHINESE MARKET WILL REMAIN.
AFTER HITTING A HIGH OF NEARLY
4 MILLION POUNDS IN 2013, THE
NUMBERS HAVE DROPPED IN RECENT
YEARS.
THEY ONLY STARTED TO PICK UP
AGAIN IN 2017.
THE REASON FOR THE DROP WAS A
SLOW DOWN ON THE CHINESE
ECONOMY AND THE DEVALUATION OF
THE HONG KONG DOLLAR.
IN THE PAST THE ONLY CHANNEL
THAT LOBSTERS DISH
I NEVER DREAMED THAT WE
WOULD BE OUT THERE MONITORING
WHAT THE CHINESE STOCK MARKET
DID LAST NIGHT.
THAT IS JUST UNBELIEVABLE TO ME
THAT THAT IS WHAT THIS HAS COME
TO.
Reporter: AND THEN THERE IS
THE TRUMP FACTOR.
AS A CANDIDATE HE REGULARLY
BLASTED CHINA ACCUSING ITS
LEADERS OF TAKING ADVANTAGE OF
THE UNITED STATES.
WE CANNOT CONTINUE TO ALLOW
CHINA TO RAPE OUR COUNTRY AND
THAT IS WHAT THEY ARE DOING.
Reporter: NOW, AS PRESIDENT,
HE IS BEGINNING TO ACT.
HE RECENTLY PLACED A 25% TARIFF
ON STEEL AND A 10% TARIFF ON
ALUMINUM IMPORTED FROM CHINA
AND SEVERAL OTHER COUNTRIES.
WE'RE GOING TO BE
INSTITUTING TARIFFS.
Reporter: IT IS SEEN AS THE
FIRST IS WHAT WILL BE A SERIES
OF SHOTS TOWARD CHINA.
HE SAID THAT TRADE WARS ARE
GOOD AND EASY TO WIN.
ARE YOU WORRIED ABOUT A
POSSIBLE TRADE WAR?
WHAT WOULD THE EFFECT OF THAT
BE?
THEY COULD SAY NO U.S.
PRODUCTS.
Reporter: AND IF THAT WERE
TO HAPPEN, THE LOBSTERMEN OF
THE FLORIDA KEYS WOULD FIND
THEMSELVES ADRIFT AGAIN AND
STRUGGLING TO SURVIVE AND FACING
AN UNCERTAIN FUTURE.
THERE'S NOT MUCH MORE TO SAY.
THINGS ARE SO MUCH BETTER NOW.
Reporter: FOR NOW, LIFE IS
GOOD.
THAT WE WILL HAVE TO SEE WHAT
THE PRICES ARE WHEN LOBSTER
SEASON GETS UNDERWAY IN AUGUST.
IF YOU MISSED ANY OF THIS
INCREDIBLE REPORTING ON THE