UPS expects to cut 20,000 jobs this year and close dozens of facilities as it dramatically reduces shipments for e-commerce giant Amazon.
April 29, 2025Search
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Trump’s Tariffs Set to Unleash Supply Chain Jolt on Economy
Since the U.S. raised levies on China to 145% in early April, cargo shipments have plummeted. That drastic reduction in goods hasn’t been felt by many Americans yet, but that’s about to change.
April 28, 2025Trump Insists Plan for Higher Tariffs Will Move Ahead
President Donald Trump suggested another delay to his higher so-called “reciprocal” tariffs was unlikely, raising pressure on nations to negotiate trade deals with his administration.
April 25, 2025Auto Carrier Could Take $70 Million Hit From US Port Fees
Hoegh Autoliners ASA, an Oslo, Norway-based car carrier, said that a plan to impose fees on foreign ships calling at U.S. ports could cost the company as much as $70 million.
April 25, 2025Low-Income Earners Face Sharpest Impact From Tariffs
While prices will rise for everyone, lower-income families are expected to lose a larger portion of their budgets because they tend to spend more of their earnings on goods.
April 25, 2025Lawmaker Asks DOT to Reverse Obama-Era English Proficiency Memo
A federal lawmaker from Wyoming is asking USDOT to require that CMV drivers who cannot demonstrate proficiency with speaking and reading English be taken out of service during inspections.
April 24, 2025Carney Says Canada Won’t Rush Trade Deal With Trump
“We don’t have to do a deal in the short term,” Carney told reporters April 24, as he campaigned in British Columbia ahead of the April 28 election. “My government will do the right deal.”
April 24, 2025Trump Targets Chinese Cranes, Risking Burden for US Ports
Chinese cranes used at ports are the latest target of the Trump administration’s attempt to boost domestic manufacturing, even as no U.S. industry for the equipment exists.
April 24, 2025States Sue Trump Over Tariffs Imposed Without Congress
The suit argues that Congress didn’t grant Trump the necessary authority to impose the tariffs and national trade policy “now hinges on the president’s whims."
April 23, 2025Trump Hasn’t Offered Unilateral Tariff Cuts on China
Treasury Secretary Scott Bessent said that the Trump administration is looking at multiple factors regarding China beyond just tariffs — including non-tariff barriers.
April 23, 2025