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Trade
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Trade war update: Blueberry exports lag, King urges aid for lobster industry
July 26, 2018Maine 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 July 6 in retaliation for President Trump's tariff hikes
July 26, 2018Maine tourism weathering U.S.-Canada trade war
July 16, 2018The 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 Press.
July 16, 2018
Verso stands to gain $42M in deal OK'd by Department of Commerce
July 16, 2018Verso 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 Verso's request to refund duties that were paid on
July 16, 2018
Hussey Seating wrestles with impact of shifting global trade policies
July 9, 2018If 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, which happens to be located in North Berwick.
July 9, 2018
U.S. Chamber comes out against new tariffs, details impact on Maine
July 3, 2018A 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 Canada in retaliation for new tariffs imposed by the
July 3, 2018
New owner of Rumford paper mill will retain workers, eyes investment
July 2, 2018ND 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.
July 2, 2018
MDOT 'ready to dig in' on building freezer warehouse without Americold
June 26, 2018The 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 more hands-on role in the long-awaited project.
June 26, 2018
Lumber prices spike, driving up the cost of construction
June 22, 2018Prices 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.
June 22, 2018
Merger gives South Portland's Grow-Tech expanded global reach
June 19, 2018Grow-Tech Inc., the South Portland-based producer of stabilized seeding and cutting media for professional horticulture, has merged with sister companies Quick Plug (located in Netherlands) and Omni Growing Solutions (Canada) to form Quick Plug
June 19, 2018
China threatens tariff on Maine lobsters as trade war expands
June 18, 2018In response to President Trump's announcement on Friday of a 25% tariff on up to $50 billion worth of Chinese goods, China is threatening to impose new duties on a host of imported U.S. products, including lobsters, starting on July 6.
June 18, 2018
Hussey Seating: Manufacturers 'feeling the pain' of new tariffs
June 15, 2018Hussey Seating Co. in North Berwick today issued a statement urging the Trump administration to remove the tariffs imposed June 1 on Canadian steel and aluminum imports, saying price increases resulting from those import duties already is hurting
June 15, 2018
Yale Cordage wins Trade Day's 'Best in Show' honors for second straight year
May 24, 2018Yale Cordage, a Saco company that makes a wide range of specialty ropes for key industries such as mining and arboriculture, took home the “Best in Show” trophy at Trade Day 2018 for a new product that it says is “as strong as steel, as flexible as
May 24, 2018Here's what you should know about new European Union data security law
May 24, 2018Maine, like its New England neighbors, can boast some of the most stringent personal information security laws in the country. But the European Union's even stricter "General Data Protection Regulation," which takes effect on Friday, may require
May 24, 2018
University of New England launches 'The Institute for North Atlantic Studies'
May 21, 2018The University of New England announced today it is launching a new program to train the next generation of leaders to develop research, industry and community partnerships to meet shared challenges and opportunities throughout the North Atlantic
May 21, 2018
Maine Beer Box will head to England
May 10, 2018A year after going to Iceland to market the state's craft brewers, the Maine Brewers' Guild said it will send a Maine Beer Box to England in September.
May 10, 2018
Here's a sneak preview of Maine products 'ready to launch' globally
April 24, 2018Maine International Trade Center offered a sneak preview this morning of products that will exhibit and compete in its New Product Global Showcase on Trade Day 2018 next month in Rockport.
April 24, 2018
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