In June, President Donald Trump enacted a 25 percent tariff on imported steel and a 10 percent tariff on imported aluminum from all countries except South Korea, Argentina, Brazil, and Australia. Next came a tariff on $50 billion worth of goods from China, accompanied by the threat of a tariff on another $200 billion in the future. In response, China, Mexico, the European Union, Canada, and India slapped their own tariffs on billions of dollars’ worth of U.S. exports, from whiskey to machine parts to dried fruit.
MyChamplainValley.com
NAFTA Compromise Weighs Heavy on Governors, Canadian Premiers
STOWE, Vt. – The 42nd annual Conference of New England Governors and Eastern Canadian Premiers is underway at Stowe Mountain Lodge Resort in Stowe.
In New England, the trade war with China is hitting twice as hard. Not only have lobster exports been hit with tariffs, so has the steel used to make the traps.
Bournemouth exhibitor Riverdale Mills Corporation has received the Global Trade Award by the US-based Associated Industries of Massachusetts International Business Council (AIM-IBC). The award recognises companies that ‘demonstrate excellence in international trade and set the standard for global business’.