°®¶¹´«Ã½

A key inflation gauge moved higher in May in the latest sign that prices remain stubbornly elevated while Americans cut back on their spending.

Washington and Beijing have signed a trade agreement that will make it easier for U.S. firms to obtain magnets and rare earth minerals from China, Treasury Secretary Scott Bessent said June 27.

A group of Canadian steel producers said the government’s plan to restrict foreign steel imports isn’t strong enough and warned that the industry is set to shed thousands more jobs.

Mack Trucks and International Motors were two of the three winners in an auction of environmental credits owned by bankrupt hydrogen fuel cell Class 8 truck maker Nikola, according to documents.

The three-pronged study examined available data, observed commercial motor vehicle drivers during their regular schedules and included interviews with a wide range of stakeholders.

Tariff negotiations are running into roadblocks, as partners including Japan, India and the EU balk at signing deals without knowing how badly they’ll be hit by separate levies on exports.

U.S. port activity softened in May as tariffs weighed on trade, ending months of gains at Los Angeles, Long Beach, Oakland and Seattle-Tacoma.

EU leaders are set to debate their strategy in response to President Donald Trump’s trade war, with the choices coming down to accepting an unbalanced deal or risking escalation by striking back.

Global merchandise trade accelerated in the World Trade Organization’s latest assessment, with a surge in imports tied to tariff stockpiling outweighing a slowdown in export orders.

The U.S. merchandise-trade deficit unexpectedly widened in May on the biggest drop in exports since the onset of the pandemic, while imports were little changed.