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President Donald Trump raised the tariffs on Canadian goods to 35% last week, but a key exemption for Canada and Mexico shields the vast majority of goods from the punishing duties.

The tax package that President Donald Trump signed into law last month included a rule change that attacked what’s been an important source of revenue for Rivian and Tesla for years.

Canadian Prime Minister Mark Carney said he wants to maximize the impacts of retaliatory tariffs on the U.S. but minimize the pain for Canadian businesses.

Supply chain turmoil and an increase in tariffs globally are bolstering the costs of all industrial manufacturers — particularly those using aluminum, steel and copper, Eaton noted.

A used Class 8 truck cost on average $60,324 in June, 10.4% more expensive than the year-ago retail price of $54,621 and 6.2% pricier than the $56,813 reported for May.

The energy infrastructure company also sees years of robust demand for the fuel, which currently makes up about 15% of the market, according to CEO Chad Zamarin.

Prime Minister Mark Carney said Aug. 5 the guarantees will ensure forestry companies of all sizes can maintain and restructure their operations.

The filing came the same day Tesla directors disclosed their decision to grant Elon Musk an interim stock award — valued at $30 billion — while a legal fight over his 2018 pay package drags on.

Allison Transmission profit nudged higher in Q2 of 2025, but ongoing U.S. on-highway truck demand weakness led the automatic transmission specialist to cut its full-year guidance.

Singapore’s first charging and swapping station for big rigs can replace batteries in under five minutes. The entirely automated process can handle 60 trucks a day.