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The Trump administration’s plan to scrap federal incentives for EVs will be a major speed bump for battery-powered transportation in the U.S., but not a brick wall, according to forecasts.

OPEC+ is discussing another 411,000 barrel-a-day production increase for August ahead of the group’s videoconference this weekend, according to delegates who asked not to be identified.

Nike will face pressure to raise prices higher than expected after the U.S. and Vietnam reportedly reached a new trade agreement that boosts tariffs, according to an analyst.

Nissan is recalling more than 480,000 of its vehicles across the U.S. and Canada due to potential manufacturing defects that could cause engine failure.

Canada’s share of exports destined for the U.S. shrank to the smallest proportion since at least 1997, excluding the COVID pandemic. Shipments to other countries reached a new high.

A truck driver played the lottery while staying overnight in Maryland between drives — and ended up winning a big prize, officials said.

President Donald Trump’s trade deal with Vietnam targets practices China has long used to skirt U.S. tariffs: the shifting of production to Southeast Asia and the “origin washing” of exports.

U.S. employers added 147,000 jobs in June as the American labor market continues to show surprising resilience despite uncertainty over President Donald Trump’s economic policies. 

Canadian Prime Minister Mark Carney met with automotive executives July 2 to discuss how to help auto plants that have been choked by U.S. tariffs.

Top Chinese electric vehicle maker BYD has shelved plans to build a major plant in Mexico over geopolitical tensions and uncertainty stemming from President Donald Trump’s trade policies.