And do we have a sense yet of how this all is going to impact Maine?
President Donald Trump plans to raise revenues and curb drug abuse by starting what some describe as a trade war with our close allies, starting Tuesday.
Businesses in border towns like Houlton are reporting rising costs of goods and strained cross-border relationships with Canadian citizens.
The Inspired Home Show in Chicago draws housewares industry insiders from all over the country to network and show off their latest gadgets. This year, they're making plans to cope with tariffs.
Since Trump moved into the White House, he has repeatedly said Canada should be the 51st state and referred to Prime Minister Justin Trudeau as “governor.” In a nation where political polarization is rare, the affronts have triggered a groundswell of patriotism that has many displaying the Canadian flag and its red maple leaf.
While experts say some manufacturing could shift back to the U.S., retaliatory tariffs could dry up the Canadian market for Maine timber. But many unknowns remain.
The impact on heating oil and gasoline is expected to be felt this week, though how electricity imported from Canada will be affected is less clear.
In response to tariffs from President Donald Trump, Canadian Prime Minister Justin Trudeau announced retaliatory tariffs on the U.S. During a news conference on Tuesday, he said the country will also try and buy Canadian products whenever possible and urged residents not to vacation in the U.S., including a popular tourist location in Maine.
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