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Truck Prices to Rise as Early as May Due to Tariffs

Truck manufacturers are set to raise the prices of new Class 8 tractors as early as May as a result of tariffs on U.S. imports, with further hikes likely on the way.

April 10, 2025

Inflation Fell in March Ahead of Tariff Impact

U.S. inflation declined last month as the cost of gas fell, a sign that price growth was cooling even as President Donald Trump ramped up his tariff threats.

April 10, 2025

EU Pauses Tariff Retaliation for 90 Days to Match Trump Move

The EU’s executive commission said April 10 it will put trade retaliation measures on hold for 90 days to match President Donald Trump’s pause on his new tariffs and leave room for negotiation.

April 10, 2025

Trump Orders Musk’s DOGE to Help Overhaul Navy Shipbuilding

President Donald Trump's executive order is intended to blunt China’s maritime dominance by offering new funding streams to support U.S. shipbuilding, according to an official.

April 10, 2025

No New Tariffs for Canada, Mexico Under Trump Update

President Donald Trump’s sudden change to tariff policy on April 9 won’t affect the rates that currently apply to Canadian and Mexican products, according to a White House official.

April 9, 2025

US-China Trade War Intensifies With No End in Sight

On April 9, Trump ratcheted up pressure on China, raising the import duty to 125%, even as he announced a 90-day pause on reciprocal tariffs for dozens of other trade partners.

April 9, 2025

Trump Pauses Tariffs on Most Nations for 90 Days

Facing a global market meltdown, President Donald Trump on April 9 abruptly backed down on his tariffs on most nations for 90 days, but raised his tax rate on Chinese imports to 125%.

April 9, 2025

Ohio Truckers Land Wins in $11 Billion Transportation Budget

Ohio Gov. Mike DeWine signed a transportation bill allocating a two-year, $11 billion budget, including funds championed by the state trucking association, for new truck parking spaces.

April 9, 2025

Walmart to Absorb Tariff Hikes to Keep Prices Low

As tariff-spooked shoppers begin pulling back on spending, Walmart is prepping for a worsening economy by using its massive footprint to keep prices low and hunt for ways to take market share.

April 9, 2025

EU Adopts Tariffs on $23 Billion of US Goods in Metals Fight

The European Union approved tariffs to hit around $23.2 billion of U.S. goods in retaliation for the 25% duties President Donald Trump imposed last month on steel and aluminum exports.

April 9, 2025