Browse our collection of links to recent news stories about MITC, our members, and international trade topics of interest.
Maine retailers could benefit as duty-free threshold rises in post-NAFTA deal
Maine retailers that ship products to Canada could see a sales boost under a new North American free trade deal. Read moreTariffs: What Impact is the Trade War Having in Maine?
What impact are recent tariffs having on Maine’s economy as a whole and on specific businesses and industries? What are companies doing to adjust to the repercussions of the trade wars? Read moreGov. LePage heads to Iceland to participate in Arctic Circle Assembly
Gov. Paul R. LePage is leading a delegation of more than 40 Mainers to Reykjavik, Iceland, who will participate in the 2018 Arctic Circle Assembly, the largest network of international dialogue and cooperation on the future of the Arctic. Read moreTariffs on exports to China continue to hobble Maine lobster dealers
In August, Maine and Massachusetts companies made 83 percent fewer sales to their second-largest export market than they did in June – before the tariffs took effect. Read moreHow is Maine affected by new USMCA trade agreement?
“There is great interest in the new trade agreement reached with Canada and Mexico,” said Wade Merritt the President of Maine International Trade Center. Read moreSBA awards grant to Maine International Trade Center
The U.S. Small Business Administration has awarded $344,500 in funding to the Maine International Trade Center through the SBA’s competitive State Trade Expansion Program, or STEP, to support export growth among Maine small businesses. Read moreLeader of shipper Eimskip’s move to Portland waterfront steps down
Under Larus Isfeld, the volume and value of shipments by container more than doubled in four years and the Icelandic company reached a milestone: weekly port calls in the U.S. Read moreMITC awarded $345K in federal funds to help small businesses expand globally
The Maine International Trade Center has been awarded $345,000 in competitive federal funding to help the state’s small businesses become bigger exporters. Read moreMaine dealers say China is further inflating prices on U.S. lobster as part of tariff war
Maine lobster dealers say China is improperly inflating the market price of lobster to increase its punitive tariffs on U.S. live lobster imports. Read moreMany US lobster companies coping well with tariff impact
As the trade war between the United States and China continues, with indications that it may escalate even further, most U.S.-based lobster companies have seen their exports to China fall dramatically. Despite the decrease, many companies say the market for lobster is still strong enough to keep the impact to their companies at a minimum. Read more
