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The number of shipping containers carrying U.S. imports fell for a second straight month, putting the economic indicator on course for one of the sharpest year-on-year reversals on record.

Stellantis on July 21 announced a surprise $2.7 billion first-half net loss, while analysts had expected a small profit. The maker of Jeeps is tallying the costs of trade wars.

Alcoa, the storied U.S. metals producer, is feeling the pinch of President Donald Trump’s tariffs and has been forced to pause work on all its growth projects underway in Canada.

President Donald Trump is readying plans for industry-specific tariffs to kick in alongside his country-by-country duties on Aug. 1.

The effects of international tariffs are being felt at the Port of Oakland, which saw a 10.1% drop in overall shipping volume in June compared to the previous month.

Battery material makers’ stocks climbed as the U.S. set to impose preliminary antidumping duties of 93.5% on graphite imports from China.

The Commerce Department imposed preliminary antidumping duties of 93.5% on Chinese imports of graphite, a key battery component.

Cargo slowed at the Port of Long Beach last month but officials said they expect a bounceback in July because of the ongoing pause on tariffs.

Alcoa., the largest U.S. aluminum producer, said tariffs on imports from Canada cost it $115 million in the second quarter.

Canada will reduce the amount of foreign steel importers can bring into the country tariff-free, a move to help domestic producers suffering from President Donald Trump’s levies.