Small-value packages shipped to the U.S. from China will no longer be exempted from tariffs starting May 2, when President Donald Trump’s move against the de minimis exemption takes effect.
May 2, 2025Search
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Chevron Cuts Buybacks and Exxon Sits Tight as Oil Plunges
Chevron and Exxon report earnings after oil prices tumble, indicating that President Donald Trump’s trade war is hurting a key U.S. industry he pledged to help.
May 2, 2025Employers Added a Surprising 177,000 Jobs in April
Employers added a better-than-expected 177,000 jobs in April, with transportation and warehousing adding 29,000 in a sign that companies may have been stocking up on imports before tariffs.
May 2, 2025Port Leaders Warn Tariffs to Bring ‘Radical Uncertainty’
Leaders of West Coast ports warned that a sharp drop in ship traffic tied to President Donald Trump’s tariffs on Chinese goods will threaten jobs, raise prices and ripple through the economy.
May 2, 2025Farm Machinery’s Slump Lingers as Tariffs Add Risks
Farmers are still delaying equipment purchases a President Donald Trump’s tariffs cloud demand for crops and risk further extending a yearslong slump in the sector.
May 1, 2025Ports Post Cargo Growth in March, but Possible Slowdown Looms
Container volume grew at U.S. ports in March despite uncertainty around tariffs.
May 1, 2025House Votes to Overturn California Ban on Gasoline Cars
The U.S. House voted 246-164 to roll back an EPA authorization issued under former President Joe Biden, which let California ban gasoline-powered cars by 2035.
May 1, 2025Trade War Leads CPKC Railway to Lower 2025 Guidance
Canadian Pacific Kansas City cut its financial outlook for this year due to the uncertainty caused by the U.S. administration’s tariff and trade policy.
May 1, 2025General Motors Trims 2025 Guidance
General Motors is lowering its profit expectations for the year as the carmaker braces for a potential impact from auto tariffs as high as $5 billion in 2025.
May 1, 2025Tesla Chair Denies Reported CEO Search and Backs Elon Musk
Tesla's chair denied a report that said board members started a search for a CEO to succeed Elon Musk, saying directors are “highly confident†in his abilities.
May 1, 2025