Browse our collection of links to recent news stories about MITC, our members, and international trade topics of interest.
Once stymied by China tariff, lobster dealer finds a workaround
Tom Adams, CEO of Maine Coast lobster wholesale company in York, said he’s found ways to make up revenue that was lost when a 25% tariff was implemented last July on imports of lobster to China. Read moreMaine exporters saw a 4% increase last year, but wonder about lost potential
Trade tensions and tariffs between the United States and key trading partners blunted what may have been a banner year for Maine exports. Read moreMaine business leaders hope to strengthen ties to Quebec
Canadian and Maine business leaders are looking to strengthen trade between Maine and Quebec. Read moreChina trade war cost tops $40 billion a year in lost U.S. exports
Chinese retaliation against President Trump’s tariffs is hitting U.S. exporters harder than their Chinese counterparts and costing the U.S. the equivalent of about $40 billion a year in lost exports, according to a new study that highlights the mounting costs to the U.S. economy of the trade war against China. Read moreCanada’s Deputy Ambassador to the U.S. Speaks About Trade and Other Matters
On “Maine Calling” today, Canada’s Deputy Ambassador to the U.S. Kirsten Hillman will be in Maine and will join us to talk about current mutual issues including: trade, aquaculture, energy, border security and the opioid crisis. Read moreChina lobster orders dry up, despite Lunar New Year celebrations
Lunar New Year is supposed to be the busiest time of the year for Tom Adams, whose company, Maine Coast, used to sell millions of pounds of lobster to China. But the U.S.-China trade war has shut Maine Coast out of that market. Read moreMaine must stay the course in Arctic connections
Every economic development strategy relies upon exports. Maine’s economy cannot support high-paying jobs by selling goods and services only to Mainers and the occasional tourist. Continued growth requires us to look outside our borders. Now, more than ever, it is essential that we look to the north. Read moreLobster exporters looking around the world for new markets to stem losses
Sales to China and Europe are down, so Maine dealers are hustling for new customers and finding them in Southeast Asia. Read moreMaine 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 more
