Last week was the stock market’s worst since the start of the COVID-19 pandemic in 2020, and stocks continued to bounce around wildly Monday.
tariffs
Posted inMaine, News, Politics
How Trump’s actions are affecting — and targeting — Maine
In addition to a new federal lawsuit against the state, the new administration’s actions include multiple efforts to pull funding over Maine’s policies regarding transgender athletes, as well as unrelated cuts to health care funding and medical research grants.
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Posted inBusiness, Maine, News, Politics
Trump policies expected to cause 25% drop in Canadian tourism to Maine
The state’s top tourism official told lawmakers her office is aggressively working to bring in more U.S. tourists to make up for the loss of international travelers, but so are other states.
Posted inNews, Politics
Susan Collins rebuffs Trump, joins effort to block his tariffs on Canada
The Republican’s support for the Democratic effort came despite the president’s social media post calling on her to ‘get on the Republican bandwagon, for a change’ and ‘FINALLY adhere to Republican Values and Ideals.’
Posted inBusiness, News, Politics
Trump’s policies cloud Maine’s economic outlook
President Donald Trump’s global trade war and federal spending cuts — as well as his threat of cutting funds to Maine — have state officials preparing for slowing economic growth and rising unemployment.
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
China challenges EV tariffs imposed by Europe, files complaint
The EU last month imposed provisional tariffs on some car imports from China that would raise rates to as high as 48% after a months-long probe into Chinese state aid to EV makers.
Posted inBusiness, Nation / World, News
Trump says administration will ‘certainly think about’ tariffs on autos imported from Europe
The Commerce Department has been investigating whether imported vehicles and parts pose a threat to national security.
Posted inBusiness
Tax system reforms rattle China’s super-rich
The changes mean more government revenue will come from the wealthy as the masses pay lower levies in 2019.
Posted inBusiness
U.S. silent as China tries to ease trade tensions in advance of new talks
Beijing’s pledges to open up its economy fall well short of Trump’s demands on alleged forced transfers of technology and theft of intellectual property, analysts say.