BALTIMORE (AP) — By imposing taxes on an additional $200 billion in Chinese goods, President Donald Trump has intensified a battle of wills between the world’s two largest economies — and the outcome is far from certain. No one knows how long the tariffs announced Monday might last. No one knows if a politically divided […]
trade
Posted inBoston Bruins, National Sports
Bruins trade defenseman Adam McQuaid to Rangers; team heading to China for exhibitions
BOSTON — The New York Rangers have acquired defenseman Adam McQuaid from the Boston Bruins for defenseman Steven Kampfer and two draft picks. The teams announced the trade Tuesday before the Bruins flew to China for two exhibition games. Boston gets a 2019 fourth-round pick and a conditional seventh-rounder in a move that clears space […]
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Posted inMaine, sj-web
Paul LePage to lead trade mission to UK and Ireland
AUGUSTA — Maine’s North Atlantic Development Office is putting together a trade mission headed by Gov. Paul LePage for companies interested in increasing business with the United Kingdom and Ireland. The nine-day trade mission in September will feature “business meetings, group events, and unique cultural opportunities designed to help Maine companies expand their business development […]
Posted inNation / World, sj-web
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 […]
Posted inMaine, sj-web
Poliquin joins the effort to block tariffs on Canadian newsprint
Shortly before Election Day 2016, a private equity firm in New York City announced it had acquired, for an undisclosed price, “a leading manufacturer of newsprint and various publication paper products,” based in Longview, Washington. The purchase of North Pacific Paper Co. did not set off alarms. Hardly anyone noticed. But the fallout from One […]
Posted inMaine, sj-web
Geiger executives worry Trump is triggering fears that will hurt their business
LEWISTON — Officials at Geiger are worried the largest privately held promotional products distributor in the world could suffer if the global reputation of the United States does not improve. Jo-an Lantz, Geiger’s chief operating officer, said Tuesday that world opinion has “really shifted” against the country over the past 18 months because of the perceived […]
Posted inNation / World, sj-web
China vows to fight U.S. 'at any cost' as trade spat worsens
WASHINGTON (AP) — China’s government vowed Friday to “counterattack with great strength” if President Donald Trump goes ahead with plans to raise U.S. tariffs on an additional $100 billion worth of Chinese goods and said negotiations were impossible under current conditions. Trump’s surprise move Thursday to instruct the U.S. trade representative to consider additional tariffs […]
Posted inBusiness
Donald Trump to sign executive orders targeting trade abuses
President Donald Trump awaits the arrival of Danish Prime Minister Lars Lokke Rasmussen at the White House in Washington on Thursday, March 30, 2017. WASHINGTON — President Donald Trump talked tough on trade on the campaign trail, vowing to renegotiate a slew of major deals and to label China a currency manipulator on “Day One.” […]
Posted inOp-Eds
Will TPP rise from the dead? Doubtful
WASHINGTON — The question about the TPP — the Trans-Pacific Partnership, President Obama’s signature trade agreement — is whether it’s already gone to the political morgue or whether it’s still in intensive care. Both Hillary Clinton and Donald Trump oppose the agreement, while the president has urged ratification. With Obama’s term ending and his already-modest […]