WASHINGTON — The controversy over President Trump’s proposed tariffs on imports of steel (25 percent) and aluminum (10 percent) is less about economics than ego — Trump’s ego. Frustrated by special counsel Robert Mueller’s investigation and the reported chaos in the White House, the president, it seems, had to show who’s boss and who’s driving […]
tariffs
Posted inNation / World, sj-web
Donald Trump rolling out big trade tariffs, sparing Mexico, Canada
WASHINGTON (AP) — After a week of hints and uncertainty, President Donald Trump said Thursday he would soon announce tariffs on imported steel and aluminum but with temporary exemptions for Canada and Mexico as he seeks to revise the North American Free Trade Agreement. He suggested Australia and “other countries” might also be spared, a […]
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Proposed tariffs on Canadian steel could backfire on Maine
Maine could be vulnerable if Canada retaliates against President Trump’s surprise tariffs against steel and aluminum imports, and manufacturers here could be placed at a competitive disadvantage from the tariffs themselves, which will raise the prices of those metals. Trump said he will impose 25 percent tariffs on all foreign-made steel and 10 percent on aluminum in […]
Posted inNation / World, sj-web
Republicans want Donald Trump to back off his tariff proposal
WASHINGTON (AP) — In a remarkably public confrontation, House Speaker Paul Ryan and other Republican allies of President Donald Trump are pleading with him to back away from his threatened international tariffs, which they fear could spark a dangerous trade war. Trump retorted: “We’re not backing down.” The president on Monday said U.S. neighbors Canada […]
Posted inNation / World, sj-web
Donald Trump applies tariffs to solar panels, washing machines
WASHINGTON (AP) — President Donald Trump on Monday approved tariffs on imported solar-energy components and large washing machines in a bid to help U.S. manufacturers. The Republican’s decision followed recommendations for tariffs by the U.S. International Trade Commission. “The president’s action makes clear again that the Trump administration will always defend American workers, farmers, ranchers, […]
Posted inBusiness, sj-web
Donald Trump’s proposed tariffs could raise retail prices 10 percent
WASHINGTON — American consumers and businesses would pay — literally — if President-elect Donald Trump followed through on his campaign pledge to slap big taxes on imports from China and Mexico. Trump said during the campaign that he’d impose tariffs of 35 percent on Mexican imports and 45 percent on Chinese imports to protect American […]
Posted inMaine, sj-web
Collins, King and Poliquin urge FTC to be careful with paper tariffs
PORTLAND — Three members of Maine’s congressional delegation testified before federal trade officials Thursday morning regarding increased tariffs on Canadian paper imports they’ve characterized as a double-edged sword for jobs in Maine. Sens. Susan Collins, Angus King and 2nd District Rep. Bruce Poliquin spoke during a hearing of the U.S. International Trade Commission, which is […]