tariffs News Updates

Government, Business, Logistics, TCA

Saddle Creek Logistics to Lay Off 54 in Virginia

Saddle Creek Logistics plans to lay off 54 employees at its facility in South Richmond, Va., as freight shipping worldwide slows down because of uncertainty over tariffs and the economy.

May 19, 2025
Government, Business

Canada Says Most Tariffs on US Remain, Contradicting Report

Canada’s finance minister said the government kept 25% retaliatory tariffs on U.S. goods, disputing an Oxford Economics report that suggested it had paused the vast majority of those levies.

May 19, 2025
Government, Business

UN Forecasts Slower Global Economic Growth

The United Nations on May 15 forecast slower global economic growth this year and next, pointing to the impact of the surge in U.S. tariffs and increasing trade tensions.

May 16, 2025
Government, Business, Logistics, Global Freight

Tariff Truce Boosts Global Shippers

Importers rushing to ship Chinese goods to the U.S. using a short reprieve from paralyzing tariffs could provide a much-needed boost to global freighters including Maersk and Cosco.

May 16, 2025
Business, Equipment

Deere Swells to Record on Optimism for Farm Economy

Deere & Co. jumped to a record after earnings beat the highest of analyst estimates, even as the world’s largest farm machinery maker trimmed its profit outlook for the year.

May 15, 2025
Government, Business, Logistics

Fed’s Barr Says Supply Chain Chaos Could Boost Inflation

Federal Reserve Governor Michael Barr said the economy is on solid ground, but warned tariff-related supply chain disruptions could lead to lower growth and higher inflation.

May 15, 2025
Government, Business, Logistics, Private, Global Freight

Walmart Says It Will Raise Prices Due to Tariff Costs

Walmart’s first-quarter profit slipped and it said it must raise prices due to higher costs from tariffs implemented by President Donald Trump.

May 15, 2025
Government, Business, Equipment

Japanese Carmakers Face $19 Billion Hit From Trump’s Tariffs

Japan’s biggest carmakers are looking at a hit of more than $19 billion from President Donald Trump’s tariffs that have left the global auto industry reeling.

May 14, 2025
Government, Business, Logistics

International Trade: US, China Pause Tariffs for 90 Days

The U.S. agreed to drop its 145% tariff rate on Chinese goods by 115 percentage points to 30%, while China agreed to lower its rate on U.S. goods by the same amount to 10%.   

May 14, 2025
Government, Business

China Suspends Retaliatory US Export Controls, Sanctions

China is suspending a trade and investment ban against more than a dozen U.S. companies as part of the trade agreement struck by the world’s two biggest economies.

May 14, 2025