“The top-down macro evidence seems clear: Americans are mostly paying for the tariffs,” George Saravelos, global head of FX research at Deutsche Bank.
July 22, 2025Search
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Pure Lithium Shifts Battery Production to Chicago
Pure Lithium will move its operations from Boston to Chicago and invest $46 million to launch manufacturing of lithium metal batteries in Illinois, state officials announced July 10.
July 22, 2025GM Profit Falls as Trump Tariffs Add $1.1 Billion in Costs
General Motors said it suffered a $1.1 billion profit hit from President Donald Trump’s tariffs and revealed no plan for a near-term fix to return to pre-tariff profit levels.
July 22, 2025Cleveland-Cliffs CEO Urges Canada to Hike Steel Tariffs
The notoriously combative U.S. executive and vocal public supporter of President Donald Trump said July 21 that Carney and his cabinet should enact “significant” trade protections.
July 21, 2025Stellantis Takes Surprise $2.7B Loss as Trump Shakes Market
Stellantis on July 21 announced a surprise $2.7 billion first-half net loss, while analysts had expected a small profit. The maker of Jeeps is tallying the costs of trade wars.
July 21, 2025Trump Adds Tariffs on Industries for Aug. 1 Double Whammy
President Donald Trump is readying plans for industry-specific tariffs to kick in alongside his country-by-country duties on Aug. 1.
July 18, 2025FMCSA Nominee Barrs Touts Workforce, Supply Chain
Derek Barrs, a former Florida Highway Patrol chief with more than three decades in public safety, is recognized as an authority on commercial vehicle safety.
July 17, 2025CEO Radstrom Calls Uncertainty Daimler’s Biggest Challenge
Daimler Truck CEO Karin Radstrom says tariffs are not the biggest challenge facing the commercial vehicle maker in the United States.
July 16, 2025Ford Recalls 700,000 Vehicles Over Issue That Caused Fires
Ford is recalling almost 700,000 vehicles to address a long-running issue over cracking in an auto part that can leak fuel into the engine and cause fires.
July 16, 2025EU Tariff Targets Include Boeing, US Cars and Bourbon
The EU has finalized a second list of countermeasures to target U.S. goods worth $84 billion, including Boeing aircraft, automobiles and bourbon if it decides to retaliate against tariffs.
July 15, 2025