Maine’s biggest exports, including lobster, wood pulp and airplane parts, are not targeted by the first round of Chinese tariffs in the brewing trade war with America. China released its list of 128 U.S. products targeted for tax hikes in retaliation for President Trump’s trade sanctions on Chinese aluminum and steel on Monday, the day […]
tariffs
Posted inNation / World, sj-web
China targets $3 billion of U.S. goods in tariff spat
BEIJING (AP) — China announced a $3 billion list of U.S. goods for possible retaliation in a tariff dispute with President Donald Trump and girded Friday for a bigger battle over technology policy as financial markets sank on fears of global disruption. The Commerce Ministry said higher duties on pork, apples, steel pipe and other […]
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Donald Trump to punish China on trade
WASHINGTON (AP) — President Donald Trump was ready to hit China with billions of dollars in trade sanctions Thursday for stealing American technology and pressuring U.S. companies to hand it over. Farmers, electronics retailers and other U.S. businesses braced for a backlash as the Chinese government vowed to take “all necessary measures” to defend itself […]
Posted inLocal & State, sj-web
Maine may feel the pinch of retaliatory European tariffs
New research finds that Maine would be one of the hardest-hit states if the European Union takes retaliatory measures in response to President Donald Trump’s new tariffs on steel and aluminum imports. A report by the Brookings Institution shows that 9.5 percent of Maine’s exports to Europe would likely be slapped with retaliatory tariffs if the Trump administration […]
Posted inOp-Eds, sj-web
Trump's tariffs — a triumph of pride over policy
WASHINGTON — The controversy over President Trump’s proposed tariffs on imports of steel (25 percent) and aluminum (10 percent) is less about economics than ego — Trump’s ego. Frustrated by special counsel Robert Mueller’s investigation and the reported chaos in the White House, the president, it seems, had to show who’s boss and who’s driving […]
Posted inNation / World, sj-web
Donald Trump rolling out big trade tariffs, sparing Mexico, Canada
WASHINGTON (AP) — After a week of hints and uncertainty, President Donald Trump said Thursday he would soon announce tariffs on imported steel and aluminum but with temporary exemptions for Canada and Mexico as he seeks to revise the North American Free Trade Agreement. He suggested Australia and “other countries” might also be spared, a […]
Posted inBusiness
Proposed tariffs on Canadian steel could backfire on Maine
Maine could be vulnerable if Canada retaliates against President Trump’s surprise tariffs against steel and aluminum imports, and manufacturers here could be placed at a competitive disadvantage from the tariffs themselves, which will raise the prices of those metals. Trump said he will impose 25 percent tariffs on all foreign-made steel and 10 percent on aluminum in […]
Posted inNation / World, sj-web
Republicans want Donald Trump to back off his tariff proposal
WASHINGTON (AP) — In a remarkably public confrontation, House Speaker Paul Ryan and other Republican allies of President Donald Trump are pleading with him to back away from his threatened international tariffs, which they fear could spark a dangerous trade war. Trump retorted: “We’re not backing down.” The president on Monday said U.S. neighbors Canada […]
Posted inNation / World, sj-web
Donald Trump applies tariffs to solar panels, washing machines
WASHINGTON (AP) — President Donald Trump on Monday approved tariffs on imported solar-energy components and large washing machines in a bid to help U.S. manufacturers. The Republican’s decision followed recommendations for tariffs by the U.S. International Trade Commission. “The president’s action makes clear again that the Trump administration will always defend American workers, farmers, ranchers, […]
Posted inBusiness, sj-web
Donald Trump’s proposed tariffs could raise retail prices 10 percent
WASHINGTON — American consumers and businesses would pay — literally — if President-elect Donald Trump followed through on his campaign pledge to slap big taxes on imports from China and Mexico. Trump said during the campaign that he’d impose tariffs of 35 percent on Mexican imports and 45 percent on Chinese imports to protect American […]