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The change, which has not been confirmed by the Indian government, would boost Trump's efforts to pressure Moscow to negotiate an end to the war in Ukraine.

The theme for this year's event, to be held Oct. 25-28 in San Diego, reflects the industry's resolve: “A United Front: Driving Policy in a New Era.” 

Volume is expected to slow in coming months as President Trump’s tariffs bite into profit margins and impact consumer prices, and uncertainty over the U.S.-China trade war increases.

Industry Minister Melanie Joly would consider Stellantis in “default” in light of federal and provincial government support extended to the automaker.

The Chinese fees, which were in a response to a similar move by Washington, have upended Asian oil trading as shippers and traders assess their exposure to charges.

Cutting off cooking oil trade could have wide-ranging effects for the American heartland and in energy markets. Used cooking oil is a feedstock for biofuels such as renewable diesel.

The White House meeting came just days after the U.S. announced the $20 billion currency swap — meant to help shore up Argentina’s peso and calm financial markets in the South American nation.

“We’ve been pretty successful in finding a path forward with them in the past so we think we’ll be able to work through it,” Jamieson Greer said Oct. 14 in an interview with CNBC.

Cosco Shipping, already expected to report weaker third-quarter earnings, could face an additional $1.5 billion to $2.1 billion in fees in 2026.

The International Maritime Organization will this week decide on sweeping new rules to make the sector start paying for the more than 1 billion tons of greenhouse gases it emits each year.