President Donald Trump increased tariffs on certain Canadian imports from 25% to 35% Friday, following weeks of threatening to do just that. But experts say the new tariff landscape is not as clear-cut as it may sound.
But the latest tariffs on Maine’s neighbor — by far its biggest trade partner — only apply to items that are not otherwise covered by the United States Mexico Canada Agreement, a major pact designed to alleviate trade barriers between the three countries. Maine brought in more than $4.7 billion worth of Canadian goods last year.
The agreement is sweeping, and it could exempt the vast majority of Canadian imports from the 35% tariff.