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The plan is part of what Farley called a “tremendous pivot” away from its earlier strategy of electrifying its largest models, which it largely abandoned a year ago.

The pending expiration of federal rebates sets the stage for a nationwide rush of EV buying before the $7,500 federal credit expires.

“I hope China will quickly quadruple its soybean orders. This is also a way of substantially reducing China’s Trade Deficit with the USA,” President Trump wrote on Truth Social.

The Trump administration had frozen the sale of some advanced chips to China earlier this year as trade tensions spiked between the world’s two largest economies.

The drop in U.S. travel underscores Canadians’ resentment toward their southern neighbor, who is their biggest trading partner and was once their favorite vacation destination. 

Shorting Maersk stock during a global trade war may seem like a sure bet. But investors who’ve loaded up on the trade since April have so far only been handed big losses.

The shift in fortunes began during President Donald Trump’s trade war with China in his first term, with the initial annual deficits recorded in 2019 and 2020.

“The real question everybody in the industry is asking is whether there will be a component tariff, where the chips in a device would require some sort of separate tariff calculation.”

GHG3 was rolled out under the Biden administration but came under heavy fire from trucking stakeholders, many of whom characterized it as damaging to carriers.

Just after midnight, goods from more than 60 countries and the European Union became subject to tariff rates of 10% or higher.