Small-value packages shipped to the U.S. from China will no longer be exempted from tariffs starting May 2, when President Donald Trump’s move against the de minimis exemption takes effect.
May 2, 2025GovernmentBusinessFuel
Chevron Cuts Buybacks and Exxon Sits Tight as Oil Plunges
Chevron and Exxon report earnings after oil prices tumble, indicating that President Donald Trump’s trade war is hurting a key U.S. industry he pledged to help.
May 2, 2025BusinessLogistics
CN Railway Defies Tariffs Gloom, Keeps 2025 Growth Outlook
Canadian National Railway kept its financial outlook for 2025 intact despite rising economic risks, but management acknowledged that uncertainty is leaving many customers in limbo.
May 2, 2025GovernmentBusinessLogisticsGlobal Freight
Port Leaders Warn Tariffs to Bring ‘Radical Uncertainty’
Leaders of West Coast ports warned that a sharp drop in ship traffic tied to President Donald Trump’s tariffs on Chinese goods will threaten jobs, raise prices and ripple through the economy.
May 2, 2025GovernmentBusinessEquipment
Farm Machinery’s Slump Lingers as Tariffs Add Risks
Farmers are still delaying equipment purchases a President Donald Trump’s tariffs cloud demand for crops and risk further extending a yearslong slump in the sector.
May 1, 2025GovernmentBusinessLogisticsGlobal Freight
Ports Post Cargo Growth in March, but Possible Slowdown Looms
Container volume grew at U.S. ports in March despite uncertainty around tariffs.
May 1, 2025GovernmentBusinessEquipment
General Motors Trims 2025 Guidance
General Motors is lowering its profit expectations for the year as the carmaker braces for a potential impact from auto tariffs as high as $5 billion in 2025.
May 1, 2025GovernmentBusiness
EU to Present Trade Proposals to US Negotiators Next Week
The European Union is planning to share a paper with the U.S. next week that will set out a package of proposals to kick-start trade negotiations with the Trump administration.
May 1, 2025GovernmentBusinessTechnologyEquipmentFuel
Rivian Stockpiled EV Batteries From Asia Before Trump Tariffs
Rivian quietly built a reserve of electric vehicle batteries from Asia ahead of President Donald Trump’s tariffs, giving the company a measure of insurance against economic upheaval.
April 30, 2025GovernmentBusinessEquipment
Ford to Hold Off on Price Increases to Assess Rivals' Actions
Ford Motor Co. won’t increase the price of its vehicles until it sees how competing carmakers respond to higher costs imposed by President Donald Trump’s tariffs.
April 30, 2025