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August 5, 2024 Edition
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2024 Women to Watch Honorees

Now in their 15th year, the Mainebiz Women to Watch awards honor women who have demonstrated leadership in wide-ranging sectors of business, health care and the nonprofit world. Mainebiz has recognized more than 75 leaders this way. We're acknowledging six in 2024 — individuals who have had an impact from Caribou to Skowhegan to Portland and throughout Maine.

Today's Poll

Are you worried how the higher U.S. tariffs proposed by President-elect Trump could affect your business?
Poll Description

With the election of Donald Trump to a second term as president, it seems likely that the United States will impose major new tariffs on imported goods and materials.

A tariff is a tax, of course — though not truly a sales tax, as it's been called. For American businesses and consumers, however, the effect could be the same.

Under Trump's plan, businesses would have to pay a tariff of 10% to 20% on anything they import, and as much as 60% on imports from China. Typically, such extra costs get passed along to customers in the form of higher prices.

When other countries retaliate with tariffs of their own on U.S. exports, the impact on prices is compounded.

The Peterson Institute for International Economics, a nonpartisan think tank, issued an analysis in September of what all this could mean.

Among the findings: "Assuming other governments respond in kind, Trump’s 10 percentage point increase results in U.S. real GDP that is 0.9 percent lower than otherwise by 2026, and U.S. inflation rises 1.3 percentage points above baseline in 2025."

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