The state’s top tourism official told lawmakers her office is aggressively working to bring in more U.S. tourists to make up for the loss of international travelers, but so are other states.
tariffs
Posted inNews, Politics
Susan Collins rebuffs Trump, joins effort to block his tariffs on Canada
The Republican’s support for the Democratic effort came despite the president’s social media post calling on her to ‘get on the Republican bandwagon, for a change’ and ‘FINALLY adhere to Republican Values and Ideals.’
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Posted inBusiness, News, Politics
Trump’s policies cloud Maine’s economic outlook
President Donald Trump’s global trade war and federal spending cuts — as well as his threat of cutting funds to Maine — have state officials preparing for slowing economic growth and rising unemployment.
Posted inBusiness, Maine, 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.
Posted inBusiness
China challenges EV tariffs imposed by Europe, files complaint
The EU last month imposed provisional tariffs on some car imports from China that would raise rates to as high as 48% after a months-long probe into Chinese state aid to EV makers.
Posted inBusiness, Nation / World, News
Trump says administration will ‘certainly think about’ tariffs on autos imported from Europe
The Commerce Department has been investigating whether imported vehicles and parts pose a threat to national security.
Posted inBusiness
Tax system reforms rattle China’s super-rich
The changes mean more government revenue will come from the wealthy as the masses pay lower levies in 2019.
Posted inBusiness
U.S. silent as China tries to ease trade tensions in advance of new talks
Beijing’s pledges to open up its economy fall well short of Trump’s demands on alleged forced transfers of technology and theft of intellectual property, analysts say.
Posted inBusiness, sj-web
Tariffs continue to hobble lobster industry
American lobster exports to China continue to plummet as the industry struggles with stiff trade barriers enacted in July on its second-largest export market. About 85 percent of the lobster exported from the U.S. originates from Maine waters, but some is shipped from other states and not reflected in Maine’s total exports. Still, Maine and […]
Posted inBusiness, Maine, sj-web
Lobster industry brainstorms market strategies
ROCKLAND — With overseas markets shaky at best, the leaders of Maine’s $1.4 billion lobster industry came together Wednesday to talk about how to drive up demand and get top dollar in the one market they can count on — the United States. This is a conversation that began long before China slapped a 25 […]