President Donald Trump’s 25% tariff on imported vehicles and parts goes into effect Thursday. Dealers, mechanics and consumers could all take a hit.
trade
Posted inMaine, Nation / World, News, Politics
Gov. Mills says tariff back-and-forth creates ‘significant economic uncertainty’
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.
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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, Maine, 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, Maine, 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 inOpinion, Perspective
Tariffs: What are they good for?
The calculus of tariffs has always been far more complicated than their effect on consumer prices — and even that is not as perfectly understood.
Posted inBusiness, Nation / World, News
‘Off the charts’: How Trump tariffs would shock U.S., world economies
Companies and governments around the world have begun preparing contingency plans for the potential Trump tariffs.
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.