Severe tariffs on wine, cheese, food and other products from Europe could devastate small businesses in Maine and across the U.S.
trade
Posted inBusiness, Nation / World
After impeachment, House bestows big trade victory on Trump
But both of Maine’s representatives vote against the new United States-Mexico-Canada Agreement.
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Posted inBusiness, Nation / World, News
Trump says trade deal with China could wait until after 2020 election; Dow plunges
The president refers to the loss as ‘peanuts’ and says he doesn’t watch the market move.
Posted inBusiness, Nation / World, News
Lindsey Graham says U.S. must ‘accept the pain’ of Trump’s trade war with China
Trump on Friday promised a 5-percentage-point increase on all existing and planned Chinese tariffs and then “ordered” U.S. firms to stop doing business in China.
Posted inBusiness, Maine, Nation / World
‘We just can’t compete with Canada right now’: Tariffs drive down U.S. lobster exports to China by 46%
But an increase in sales to Canada also has offset all but $14.4 million of the lost Chinese market.
Posted inBusiness, Nation / World, News
S&P 500 posts its worst week of the year as trade tensions flare
Stock indexes fell from the get-go following President Trump’s latest escalation in his trade war with China.
Posted inBusiness, Maine
U.S. lobster dealers expanding into Canada to shore up their business
With an acquisition in Nova Scotia, Ready Seafood joins a growing group of dealers that want to secure access to hard shell lobster year round and hedge against unfavorable trade conditions.
Posted inNation / World, sj-web
G-20 agrees on trade, migration, U.S. goes own way on climate
BUENOS AIRES, Argentina (AP) — Leaders of the world’s top economies agreed Saturday to repair the global trading system as they closed a Group of 20 summit that saw the Trump administration at odds with many allies over the Paris accord on climate change and issues like migration. The joint statement signed by all 20 […]
Posted inBusiness
Donald Trump ready to pull out of postal treaty in anti-China move
WASHINGTON (AP) — President Donald Trump is preparing to pull the United States out of an international postal treaty that allows China to ship packages to America at discounted rates. The move would escalate a trade dispute with China. The decision to pull out of the Universal Post Union was described by two administration officials […]
Posted inPerspective, sj-web
Trump clears deck for China trade war with new NAFTA deal
President Donald Trump looks to be preparing for a potentially protracted economic war with China by clearing the decks of disputes with America’s other trading competitors. In just the last few weeks, he’s struck a last-minute deal with Canada and Mexico, signed a trade agreement with South Korea and convinced Japan to begin bilateral economic […]