President Donald Trump rejected an EU proposal to drop tariffs on all bilateral trade in industrial goods with the U.S., meaning that his 20% tariff on all EU imports is effective April 9.
April 8, 2025Donald Trump Transportation News Updates
Trump Dismisses Last-Gasp EU Push to Stop Tariffs Kicking In
China Says It Will āFight to the Endā on Trump Tariffs
China said April 8 it would āfight to the endā and take countermeasures to safeguard its own interests after President Donald Trump threatened an additional 50% tariff on Chinese imports.
April 8, 2025Could Trumpās Tariffs Trigger a US Recession?
Economists at Goldman Sachs have raised their assessment of the odds the U.S. will experience a recession to 45% from 35% following President Donald Trump's tariffs announcement April 2.
April 8, 2025Thune Doubts Chances for Congressional Tariff Oversight
Senate Republican leader John Thune predicted a bipartisan bill that would give lawmakers greater oversight of President Donald Trumpās tariffs would languish in Congress.
April 7, 2025EU Unites Behind Tough Line on Trump Trade Tariffs
Trumpās move to slap a 20% tariff on EU goods as part of his āAmerica Firstā agenda has stirred fears of a global trade war ā and led to a meltdown in financial markets.
April 7, 2025Xi Declares China Ready to Fight Trumpās Trade Tariffs
President Xi Jinpingās decision to quickly retaliate against Donald Trumpās sweeping tariffs sent the world a clear message: If the U.S. wants a trade war, China is ready to fight.
April 7, 2025Stellantis Offers Tariff Aid to Struggling Parts Suppliers
Itās unclear what percentage of the cost Stellantis is willing to pay and suppliers would have to meet a number of requirements in order to qualify for the program.
April 7, 2025DOT Seeks Input on Cutting Transportation Regulations
President Donald Trumpās orders since he took office have set goals for agencies to cut regulations where possible. DOT is asking for input from truckers, trade organizations and small businesses.
April 7, 2025Trump Threatens 50% Additional Tariffs on China
President Donald Trump threatened additional tariffs of 50% on China on April 7, raising fresh concerns that his drive to rebalance the global economy could lead to a trade war.
April 7, 2025Trump Digs In His Heels on Tariffs
President Donald Trump remained defiant on April 7 as global markets continued plunging and fears of a recession grew after his tariff announcement last week.
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