BANGOR DAILY NEWS • February 4, 2025
A possible trade war between the U.S. and Canada would have a big impact on Maine’s lobster industry. Unlike more specific tariffs that President Donald Trump imposed on Canadian goods during his first term in office, the new 25 percent tariffs that he initially announced for cross-border trade — combined with Canada’s retaliatory 25 percent tariff on imported goods from the U.S. — would have directly affected the flow of lobster. Adding to the uncertainty is that late Monday afternoon, Trump announced he was delaying the tariffs on the northern neighbor for 30 days. Hundreds of millions of dollars are at stake.