Browse our collection of links to recent news stories about MITC, our members, and international trade topics of interest.
Tariffs 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 moreMaine is sending far more lobsters to Canada as that country’s exports to China boom
Canadians are snapping up live Maine lobsters, buying $43.72 million worth in July, more than double in that same month last year. Read moreMITC offers ‘Global U’ training for businesses with international ambitions
The Maine International Trade Center is launching a new “Global U” education series to give small businesses a leg up on global success. Read moreU.S. lobster exports to China tank in the first month with new tariff
America’s live lobster sales to China hit a two-year low in July, the first month a new tariff on Maine’s signature export took effect. Read more
