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Constantly changing tariffs create significant uncertainty.


Gov. Janet Mills Urges President Trump to Halt Tariffs on Mexico and Canada

Maine Governor Janet Mills is calling on President Donald Trump to cease his pursuit of tariffs against Mexico and Canada. This plea comes after Trump delayed imposing 25% tariffs on imports from Mexico and certain imports from Canada for a month. The decision to postpone the tariffs was made amidst concerns over the potential economic repercussions of a broader trade war.

Governor Mills emphasized that the tariffs, if imposed, would lead to higher prices for Mainers and local businesses, ultimately causing disruption to the state’s economy. She expressed her concerns in a statement, urging the president to focus on fulfilling his campaign promise of lowering prices for essential goods such as eggs, bread, heat, housing, and cars.

Maine heavily relies on trade with Canada, with $6 billion worth of goods exchanged between the two countries last year. Additionally, the state is highly dependent on oil from its northern neighbor for heating and gasoline. The temporary reprieve on tariffs for USMCA compliant imports from Mexico and Canada offers some relief, but uncertainty remains over the impact of potential future tariffs.

The impending tariffs have already had an impact on the stock market, with major declines seen this week. Economists are concerned that the tariffs will lead to increased prices, slow economic growth, and potentially result in job losses. Despite President Trump’s reassurances that any disturbance caused by the tariffs will be minimal, the economic outlook remains uncertain.

Governor Mills’ call to halt the tariffs reflects growing concerns over the potential detrimental effects on Maine and the wider economy. The situation remains fluid as negotiations and discussions continue between the US and its trading partners.

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