The transportation sector is bracing for the possibility that a slew of new tariffs could soon hit some of its most critically important industries, according to experts.
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Cummins Posts Lower Q4 Profit on Weak Truck Demand
Weak global heavy-duty truck market demand plus a reorganization of the Accelera decarbonization technology unit hurt Cummins profit in the fourth quarter of 2024, the company said.
February 4, 2025China to Impose Tariffs on US Products, Including Oil
BEIJING — China countered President Donald Trump’s tariffs on Chinese products with tariffs on select U.S. imports Feb. 4, as well as announcing an antitrust investigation into Google.
February 4, 2025Volvo, Waabi Partner to Produce Autonomous Trucks
Waabi will integrate its autonomous driving system, the Waabi Driver, with Volvo’s production-ready VNL Autonomous model. Commercial pilots will begin in Texas in the coming months.
February 4, 2025Mexico’s Sheinbaum Says Tariffs Delayed for One Month
Mexico President Claudia Sheinbaum said tariffs would be delayed for one month after a conversation with U.S. President Donald Trump on Feb. 3.
February 3, 2025China Renews Threat to Counter US Tariffs
TAIPEI, Taiwan — China has reiterated its threat to take “necessary countermeasures to defend its legitimate rights and interests” following the decision to impose 10% tariffs on China.
February 3, 2025Canada Retaliates on Tariffs; Mexico Response in Limbo
TORONTO — Canada and Mexico ordered retaliatory tariffs on American goods in response to sweeping tariffs imposed by President Donald Trump.
February 3, 2025Trump: Tariffs Could Cause 'Some Pain'
PALM BEACH, Fla. — President Donald Trump said Feb. 2 that Americans could feel “some pain” from the emerging trade war triggered by his tariffs against Canada, Mexico and China.
February 3, 2025Tariff Fears Hit Autos, Chipmakers, China-Exposed Stocks
The threat of tariffs has loomed large over U.S. equities. Investors and strategists warn that high levies can reignite inflation in the country, and in turn, weigh on stocks.
January 31, 2025Tesla Completes Wall, Roof Construction at Semi Factory
Tesla’s previously announced production timeline for the Semi remains on schedule, with the first tractors expected to be built by the end of the year and manufacturing ramping up in 2026.
January 30, 2025