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 […]
China
Donald Trump accuses China of trying to interfere in U.S. midterm elections
UNITED NATIONS (AP) — President Donald Trump on Wednesday accused China of attempting to interfere with the upcoming United States congressional elections, and claimed its efforts are motivated by opposition to his tough trade policy. Trump, speaking in front of world leaders while chairing the United Nations Security Council for the first time, did not […]
Dealers say China inflating lobster prices
SUGGESTED PULLQUOTE: “The tariff is bad enough, but to use the hard-shell price on a firm-shell order to drive it up higher, that’s salt on the wound.” — Stephanie Nadeau, The Lobster Co., Arundel Maine lobster dealers say China is improperly inflating the market price of lobster to increase its punitive tariffs on U.S. live […]
Lobster exports to China tank in first month of tariffs
Richie Thurston sorts lobsters while processing orders for local restaurants at The Lobster Co. in Arundel on July 27. Last summer, The Lobster Co. was exporting $100,000 of lobsters a day to China, but with new tariffs placed on U.S. lobster imports to China, owner Stephanie Nadeau said exports to that country have completely dried […]
Students from Hong Kong experience Maine at UMF
FARMINGTON — Students from Hong Kong gathered around tables on a recent morning at the University of Maine at Farmington to work on writing their own versions of traditional children’s stories with a Maine flavor. Talk of whoopie pies, blueberries, lobster and trips to Acadia National Park animated the discussion as one group worked to […]
Auburn officials plan trade trip to China
AUBURN — City officials plan to spend 12 days in China next month as part of an effort to encourage more Chinese business investment in Auburn. Mayor Jason Levesque and Economic Development Director Michael Chammings say they will use the trip to promote tourism, education and economic development. According to the city officials, the trip […]
China’s imperialist ventures in Africa
It’s time the world recognized sub-Saharan Africa’s newest economic and military imperialist: Communist party-ruled China. China’s immense economy needs natural resources and markets to continue generating wealth. Sub-Saharan Africa offers both — rich mineral deposits in particular — so China is there, with money and weapons. Since China’s major mineral and oil companies are state-owned […]
Donald Trump accuses China of using 'vicious' trade tactics
WASHINGTON (AP) — President Donald Trump on Wednesday accused China of “vicious” tactics on trade as he prepared for tough negotiations with European leaders in an escalating trade battle among world powers. Trump tweeted that China was specifically targeting U.S. farmers with retaliatory tariffs because “they know I love & respect” them. His defense came […]
When being in the doghouse is a good thing
BEIJING — An abandoned warehouse once stood where Sylar’s new mansion sprawls. Over the past year, builders have transformed the two-acre lot into his “paradise,” a sign informs guests at the wooden gates. Beyond them lie a spa, a trampoline, an indoor pool, two murals of Sylar’s face and a party room with chalkboard walls, […]
U.S. tariffs take effect; China announces retaliation
BEIJING (AP) — The United States and China hiked tariffs Friday on billions of dollars of each other’s goods, launching what Beijing called the “biggest trade war in economic history” in a spiraling dispute over technology. The Trump administration is confronting Beijing over development tactics it says include stealing or pressuring foreign companies to hand […]