S&P 5007,743.41▲0.5% Nasdaq27,068.72▲0.5% Dow51,828.62▲0.9% Russell 2K2,837.55▲0.1% 10-Yr5.18%+2bp VIX14.87−0.80 WTI$92.44▼2.3% Gold$4,320.50▲0.5% EUR/USD1.139▲0.1% BTC$84,310▲0.3% Nikkei65,514▲0.8%
At close · Sat, Sep 26, 2026
Daily Market Updates.

Global Markets

Home›Global Markets›Trade & Tariffs›Maine loggers and fishers say Canada tariffs are forci…

Maine loggers and fishers say Canada tariffs are forcing shutdowns

The article cites a Maine logging firm that shut down after weeks-long waits for replacement parts that became too expensive due to tariffs.

In Maine, business owners in industries tied to Canada are describing mounting damage from the president’s tariffs, saying they have been unable to keep operations running. Guardian Economics reports that in Penobscot county, warm and dry summer weather did not translate into harvesting work because logging machines sat idle while replacement parts were delayed and went unsold locally.

The outlet says a logging business in Piscataquis county, WW London Woodlot Management Company, closed by August after years of rising costs linked to tariffs and after waiting weeks for parts that were no longer stocked locally because tariffs had made them too expensive.

The article also describes Maine’s long history of logging and notes that timber hauling remains a visible part of the state’s economy, with logging trucks taking up much of the road on rural interstates. It adds that local workers and operators say the situation is worsening, with one operator saying the losses had been ongoing and were now intensifying.

More like this

Sources

Get the close, explained.

One email every trading day: what moved, why it moved, and what's on deck tomorrow. Read in 3 minutes.

Free. Unsubscribe anytime.