Trump's proposed tariffs on Canada raise concerns for Maine's economy

President-elect Donald Trump announced plans to impose 25 percent tariffs on goods from Canada and Mexico, starting January 20. This move could impact Maine's economy, as Canada is its largest trading partner, accounting for 70 percent of imports and 31 percent of exports. Maine business leaders are cautious but have anticipated tariff expansions. While some industries support fair trade policies, concerns remain about increased costs for consumers. The logging industry, for example, is wary of paying more for foreign products after years of inflation. Tensions are rising between Canada and the U.S. over the tariffs. Canadian leaders are seeking an emergency meeting, and the situation has prompted mixed reactions from Maine's political and business communities, highlighting the complex trade relationship between the two regions.