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Trump on July 31 announced tariffs of 15% on imports from South Korea that matched the rate for neighbor Japan, and a painful 25% levy on imports from India.

Trump has threatened to impose a 35% tariff on Canada if no deal is reached by Aug. 1.

President Donald Trump delayed the implementation of 50% tariffs on Brazilian exports by seven days while exempting many products from the punishing levy.

President Donald Trump on July 30 signed an executive order suspending the de minimis exemption, applying tariffs to low-value imports from all trading partners.

President Donald Trump imposed a 50% tariff on all semi-finished copper products coming into the U.S. but stopped short of applying the duty to imported refined copper.

Chair Jerome Powell has said the Fed would likely have cut rates already if not for President Donald Trump’s sweeping tariffs.

Profit and revenue at Old Dominion Freight Line fell in the second quarter, but senior executives said clarity is growing on how the ongoing freight recession might start to see an upturn.

When Congress resumes its legislative calendar after the August recess, lawmakers will consider comprehensive defense policy legislation linked to the trucking sector.

Landstar System’s revenue and earnings declined from the prior year during the second quarter of 2025, the company reported July 29.

ArcBest experienced a year-over-year decline in revenue and earnings amid the continuing soft freight environment during the second quarter of 2025, the company reported July 30.