President Donald Trump on Thursday postponed 25% tariffs on many imports from Mexico and some imports from Canada for a month amid widespread fears of the economic fallout from a broader trade war.
trade
Posted inBusiness, Local & State, News
Maine energy prices, already costly, expected to rise as Trump tariffs take effect
The impact on heating oil and gasoline is expected to be felt as soon as this week, though how electricity imported from Canada will be affected is less clear.
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Posted inBusiness, Local & State, News
See how much Maine imports from Canada, China and Mexico
Tariffs on Maine’s biggest trading partners are set to go into effect Tuesday.
Posted inBusiness, Local & State, News
Trump tariffs may roil Maine energy prices and lobster, lumber markets
Canada, which is Maine’s largest trading partner, could be particularly hard hit by a 25% universal tariff, as suggested by the president.
Posted inNation & World, News, Uncategorized
Biden declares Quad is ‘here to stay’ as he hosts Indo-Pacific leaders for summit in his hometown
President Joe Biden is showcasing the Indo-Pacific partnership he nurtured since taking office.
Posted inBusiness, Nation & World, News
New ‘great game’ unfolds in Pacific as U.S., China vie for maritime routes
The ‘Great Game’ reference harks back to 19th-century competition for influence in Central Asia between the British Empire and Russia’s tsarist rulers.
Posted inNation & World, News
Yellen says U.S.-China relations on ‘more stable footing’ but more can be done to improve ties
Yellen, who is regarded favorably in China, is the first Cabinet member to visit since Presidents Biden and Xi Jinping met in California in November.
Posted inBusiness, News
What does the Baltimore bridge collapse mean for Maine’s supply chains?
The effects won’t reach the state for over a month, one expert said. But there could be delays in restocking various goods, and consumers may see prices go up.
Posted inSchools and Education
Foster CTE Center rolls out new apprenticeship program
Foster Career and Technical Education Center has started a new apprenticeship program, which will connect students with job sites that will further their trade skills.
Posted inBusiness
Britain’s prime minister doesn’t expect U.K.-U.S. trade deal anytime soon
She says her priorities are working to be part of the Trans-Pacific Partnership and making trade agreements with India and Saudi Arabia.