A Canadian government official says that Canada is dropping retaliatory tariffs to match U.S. tariff exemptions for goods covered under the United States-Mexico-Canada trade pact.
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Posted inBusiness, Food & Dining, Local & State, News
Maine food businesses and shoppers seeing higher costs as tariffs hit
The hefty tariffs are raising prices on items ranging from cheese to coffee, and businesses are figuring out how to absorb the costs — or pass them on to customers.
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Posted inBusiness, Local & State, News
Tariffs on Canadian goods have increased to 35%. How will Maine be affected?
A pact between the U.S., Canada and Mexico exempts the vast majority of imports from the new tax. But the changes will still hurt Maine’s people and businesses, according to the state chamber of commerce.
Posted inBusiness, Nation & World, News, Politics
Trump injects new dose of uncertainty in tariffs as he pushes start date back to Aug. 7
President Donald Trump’s order imposing new tariffs on goods from scores of countries and the European Union starting in seven days has injected a new dose of uncertainty in an already uncertain process
Posted inBusiness, Local & State, Nation & World, News
Trump to put 25% tariffs on Japanese goods, impacting nearly $65M in imports to Maine
The new rates for Japan, which has been one of the state’s top trade partners for years, and South Korea are scheduled to take effect on Aug. 1.
Posted inBusiness, Leslie Bridgers, Life & Culture, Local & State
Is Maine’s enthusiasm for fireworks fizzling out?
The number of stores in the state has been declining since 2018, and after an uptick during the pandemic, sales have slowed as well.
Posted inBusiness, Local & State, News
Maine’s craft breweries bracing as aluminum tariffs hit can costs
Already operating on tight margins and facing growing competition, brewers are loath to raise prices even as the cost of materials ratchets up.
Posted inBusiness, Local & State, News
Maine business owners brace for summer hiring season amid uncertainty
President Donald Trump’s rhetoric about Canada and high tariffs have many proceeding cautiously.
Posted inLocal & State, New England, News, Politics
Janet Mills, other Northeast governors invite Canadian premiers to meet on tariffs and trade
The summit, a response to President Donald Trump’s aggressive stance on U.S.-Canada relations, would be held in Boston at a date to be determined.
Posted inBusiness, Local & State
Key manufacturing resource in Maine could lose all federal funding
The state’s Manufacturing Extension Partnership is one of 10 nationwide that had its funding cut, then restored temporarily by the Trump administration.