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.
tariffs
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.
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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.
Posted inBusiness, Local & State, Nation & World, Politics
Maine is among a dozen states suing the Trump administration to stop its tariff policy
The lawsuit says the tariff policy has been subject to President Donald Trump’s ‘whims rather than the sound exercise of lawful authority.’
Posted inBusiness, Food & Dining, Local & State
As cocoa prices rise, Maine chocolatiers try to find the sweet spot
Supply problems in West Africa, the commodities market and uncertain tariffs have forced local chocolate makers to find creative solutions to doing business.
Posted inBusiness, Local & State, News
Maine business owners raise alarm about tariff impacts
Companies and their customers are canceling projects, delaying expansions and struggling to make sense of Trump’s ever-changing tariff actions.
Posted inBusiness, Local & State, News, Politics
Uncertainty over tariffs fuels fears of a recession in Maine and beyond
Economists say Maine is likely to fare similarly to the rest of the country, or perhaps marginally better, during a possible economic downturn.