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, Maine, 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.
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Posted inLivermore Falls Advertiser
USDA accepting applications for an Agribusiness Trade Mission to Mexico
WASHINGTON — The U.S. Department of Agriculture’s Foreign Agricultural Service is now accepting applications for its upcoming agribusiness trade mission to Mexico City, Mexico, scheduled for Nov. 3-6. U.S. exporters interested in exploring trade opportunities in Mexico’s dynamic agricultural market must apply by Thursday, July 31. “Strengthening export opportunities for American farmers, ranchers, and agribusinesses […]
Posted inBusiness, Nation / World
Trump plans to hike tariffs on Canadian goods to 35%
Imports from Maine’s largest international trading partner may face steeper taxes next month, the result of the president’s continued frustrations over a trade deficit and fentanyl smuggling.
Posted inBusiness, Nation / World
Trump says he’s terminating trade talks with Canada over tax on tech firms
The tax will hit companies like Amazon, Google, Meta, Uber and Airbnb with a 3% levy on revenue from Canadian users, a move the president called ‘a direct and blatant attack on our country.’
Posted inOp-Eds, Opinion
An important tool can protect Maine from damaging tariffs | Opinion
The U.S. Foreign-Trade Zone program is well worth our time.
Posted inBusiness, Maine, Nation / World, News, Politics
Lots of passion, not much policy at summit of New England, Canadian leaders
While American leaders, including Gov. Janet Mills, emphasized the vital role of Canadian tourists, Canadian premiers said they’re telling constituents to ‘travel around Canada.’
Posted inBusiness, Maine, News
Mills reaffirms commitment to foreign trade partners amid tariff uncertainty
In remarks Monday morning, Maine’s governor emphasized the interconnectedness of trade and the environment and the importance of understanding and minimizing the worst effects of climate change.
Posted inBusiness, Maine, News, Politics
What do Canada’s election results mean for Maine?
Prime Minister Mark Carney said in his victory speech that Canada’s relationship with America ‘is over,’ exacerbating concerns among Maine officials and businesses about the impacts a widening international divide will have on the state’s economy.
Posted inBusiness, Maine, 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.