Both nations agreed to reduce tariffs on each other’s goods as part of the ‘Phase 1’ deal signed last month.
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Posted inBusiness, Local & State, News
China trade deal could help Maine lobster industry
The deal requires China to spend $32 billion over next 2 years on U.S. agricultural goods, which could include lobster.
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Posted inBusiness, Local & State, News
Maine wine and food dealers worry new tariffs will upend business
Severe tariffs on wine, cheese, food and other products from Europe could devastate small businesses in Maine and across the U.S.
Posted inBusiness, Nation & World
China announces tariff cuts, more competition in markets
Beijing has adopted a string of market-opening measures and tariff cuts meant to help revive economic growth that slowed to a 3-decade low of 6% in the latest quarter.
Posted inBusiness, Local & State, News
China increases its U.S. lobster tariff, and dealers ‘can’t believe this is happening again’
The tariff on live lobster imports from the United States to China will rise from 25% to 35% on Sept. 1.
Posted inBusiness, Nation & World, News
Expect a recession by 2021, say 74% of economists in survey
President Trump has dismissed such concerns, offering an optimistic outlook for the economy after last week’s steep drop in the financial markets.