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In November, Mainebiz asked, "Are you worried about how President-elect Trump's higher U.S. tariffs could affect your business?" Around 53% of respondents said they were.
As of Feb. 1, President Donald Trump signed an executive order imposing 25% tariffs on imports from Mexico and Canada and an additional 10% levy on goods from China. Energy imports from Canada, including oil, gas and electricity, are to be taxed at a lower, 10% rate.
Even with a 30-day pause on tariffs on Canada and Mexico, the plans are still looming. This week plans to enact tariffs on aluminum and steel are expected to go into effect.
In November, Mainebiz asked, "Are you worried about how President-elect Trump's higher U.S. tariffs could affect your business?" Around 53% of respondents said they were.
As of Feb. 1, President Donald Trump signed an executive order imposing 25% tariffs on imports from Mexico and Canada and an additional 10% levy on goods from China. Energy imports from Canada, including oil, gas and electricity, are to be taxed at a lower, 10% rate.
Even with a 30-day pause on tariffs on Canada and Mexico, the plans are still looming. This week plans to enact tariffs on aluminum and steel are expected to go into effect.
The Giving Guide helps nonprofits have the opportunity to showcase and differentiate their organizations so that businesses better understand how they can contribute to a nonprofit’s mission and work.
Learn MoreWork for ME is a workforce development tool to help Maine’s employers target Maine’s emerging workforce. Work for ME highlights each industry, its impact on Maine’s economy, the jobs available to entry-level workers, the training and education needed to get a career started.
Learn MoreWhether you’re a developer, financer, architect, or industry enthusiast, Groundbreaking Maine is crafted to be your go-to source for valuable insights in Maine’s real estate and construction community.
Coming June 2025
Learn moreThe Giving Guide helps nonprofits have the opportunity to showcase and differentiate their organizations so that businesses better understand how they can contribute to a nonprofit’s mission and work.
Work for ME is a workforce development tool to help Maine’s employers target Maine’s emerging workforce. Work for ME highlights each industry, its impact on Maine’s economy, the jobs available to entry-level workers, the training and education needed to get a career started.
Whether you’re a developer, financer, architect, or industry enthusiast, Groundbreaking Maine is crafted to be your go-to source for valuable insights in Maine’s real estate and construction community.
Coming June 2025
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James Laplante
The level of chaos being generated in DC is not helpful for businesses of any type. We will see impacts is unexpected ways if this continues