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Toyota Suffers $1.3 Billion Profit Hit in Two Months on Tariffs

Toyota said U.S. tariffs will result in a $1.3 billion hit to operating income in just two months, with the carmaker joining a growing list of companies grappling with the trade turmoil.

May 8, 2025

Maersk Cuts Global Container Market Outlook on Tariff War

A.P. Moller-Maersk, the Danish container giant, lowered its forecast for the global transport market rattled by President Donald Trump’s trade war.

May 8, 2025

Trump Agrees to Cut Tariffs on UK Autos, Steel

President Donald Trump has agreed to cut tariffs on U.K. autos, steel and aluminum in a planned trade deal with Britain, which would buy more American beef and streamline its customs process.

May 8, 2025

Trump Holds Firm on Tariffs Before China Negotiations

“No,” President Donald Trump said when asked by a reporter if he is open to pulling back his 145% duties on Chinese imports to get the world’s second-largest economy to the negotiating table.

May 7, 2025

Fed Holds Rates Steady as Inflation, Job Risks Rise

Federal Reserve officials held interest rates steady for a third straight meeting and emphasized they see a growing risk of both higher inflation and rising unemployment.

May 7, 2025

USPS Eyes FedEx’s David Steiner for Postmaster General Role

The USPS board has spent months looking for a new leader after Louis DeJoy abruptly resigned in March. DeJoy had pushed for sweeping changes to promote efficiency at the postal service.

May 7, 2025

Ford Hikes Prices on Mexico-Made Models by as Much as $2,000

Ford is boosting sticker prices on models it builds in Mexico by as much as $2,000 even after its CEO said it would hold the line on pricing to see how rivals would react to 25% auto tariffs.

May 7, 2025

Emission Rules in Flux; Truck Makers Stay the Course

Alterations to federal emission regulations for Class 8 trucks are likely in the coming months, but the timeline for those changes is unclear, according to industry observers.

May 9, 2025

Container Lines Begin Canceling US-China Shipping Routes

Container liners are starting to sever shipping routes that link the U.S. and China across the Pacific, as President Donald Trump’s trade war upends the industry.

May 7, 2025

China Agrees to Trade Talks With US

China announced a barrage of measures meant to counter the blow to its economy from U.S. President Donald Trump's trade war, as the two sides prepared for talks later this week.

May 7, 2025