New England is particularly reliant on fuel and other energy imports from Canada. Trump imposed a 10% tariff on that sector, instead of the full 25% tax other industries are facing. But experts say even that additional cost is still likely to be passed on to consumers.
While experts say some manufacturing could shift back to the U.S., retaliatory tariffs could dry up the Canadian market for Maine timber. But many unknowns remain.
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Newly imposed import tariffs by the Trump administration threaten a major economic link, with consumers bracing for higher prices.
Businesses on Maine and New Hampshire’s coast have concerns about whether Canadians will return in 2025. Trump's spat with Canada isn't only reason.
The Trump administration is planning to put tariffs on some of the country's — and Maine's — biggest trade partners. A 10% tax on Canadian energy imports and a steeper 25% tax on all other goods from the country is expected to go into effect Tuesday.
WASHINGTON (AP) — President Donald Trump’s long-threatened tariffs against Canada and Mexico finally went into effect Tuesday, putting global markets on edge and setting up costly retaliations by the United States’ North American allies.