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Trade

ITC ruling on newsprint tariffs hailed as victory for newspapers

Staff |

Maine’s newspaper publishers scored a victory Wednesday, with the International Trade Commission nullifying tariffs imposed on imported newsprint by the U.S. Department of Commerce in January.

Canada's retaliatory tariffs could impact cross-border shopping

Staff |

Cross-border shopping between northern Maine and Canada is expected to be hurt by a retaliatory “grocery tariff” established by the Canadian government.

Trade war update: Blueberry exports lag, King urges aid for lobster industry

Staff |

Maine growers of wild blueberries are seeing signs that an escalating trade war could hurt this year’s exports to China, which imposed new duties on a host of imported U.S. products starting...

Maine tourism weathering U.S.-Canada trade war

Staff |

The trade war and tough talk between the United States and Canada don’t appear to be dampening Maine’s tourism business, according to reports from the Bangor Daily News and the Associated...

Verso stands to gain $42M in deal OK'd by Department of Commerce

Staff |

Verso Corp. (NYSE: VRS), which operates a 400-employee paper mill in Jay, could receive up to $42 million from an agreement with Canadian paper producers, after the Department of Commerce granted...

Hussey Seating wrestles with impact of shifting global trade policies

Laurie Schreiber |

If you sit on any high school bleacher in the country, whether it's in Maine, California or Texas, there's a 50/50 chance it was made by one of the nation's largest seating manufacturers,...

U.S. Chamber comes out against new tariffs, details impact on Maine

James McCarthy |

A new analysis by the U.S. Chamber of Commerce shows that roughly $130 million of Maine exports are threatened by new tariffs already imposed or threatened by China, the European Union, Mexico and...

New owner of Rumford paper mill will retain workers, eyes investment

Staff |

ND Paper LLC, a wholly-owned subsidiary of Nine Dragons Paper Ltd., completed on Friday its acquisition of Catalyst Paper Corp.'s mills in Rumford and Biron, Wisc.

MDOT 'ready to dig in' on building freezer warehouse without Americold

Renee Cordes |

The Maine Department of Transportation will go ahead with plans to build a cold-storage warehouse in Portland without Americold Realty Trust (NYSE: COLD) as a partner, welcoming the chance to take a...

Lumber prices spike, driving up the cost of construction

Prices for wood to build and renovate houses have as much as doubled over the past six months due to supply chain factors that include dramatic price hikes in the cost of lumber.

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