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Ford warned profit this year will see a sharp drop on the growing fallout from President Donald Trump’s tariffs, underscoring the policy shifts in Washington that are upending the auto industry.

Prices rose 2.6% in June compared with a year ago, the Commerce Department said July 31, up from an annual pace of 2.4% in May.

Trump on July 31 announced tariffs of 15% on imports from South Korea that matched the rate for neighbor Japan, and a painful 25% levy on imports from India.

Trump has threatened to impose a 35% tariff on Canada if no deal is reached by Aug. 1.

President Donald Trump delayed the implementation of 50% tariffs on Brazilian exports by seven days while exempting many products from the punishing levy.

President Donald Trump on July 30 signed an executive order suspending the de minimis exemption, applying tariffs to low-value imports from all trading partners.

President Donald Trump imposed a 50% tariff on all semi-finished copper products coming into the U.S. but stopped short of applying the duty to imported refined copper.

Ohio aims to lead the nation with the most long-term truck parking spots on state property by adding 1,400 new spaces in 33 locations, Gov. Mike DeWine announced.

Chair Jerome Powell has said the Fed would likely have cut rates already if not for President Donald Trump’s sweeping tariffs.

When Congress resumes its legislative calendar after the August recess, lawmakers will consider comprehensive defense policy legislation linked to the trucking sector.