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EU leaders are set to debate their strategy in response to President Donald Trump’s trade war, with the choices coming down to accepting an unbalanced deal or risking escalation by striking back.

Global merchandise trade accelerated in the World Trade Organization’s latest assessment, with a surge in imports tied to tariff stockpiling outweighing a slowdown in export orders.

The U.S. merchandise-trade deficit unexpectedly widened in May on the biggest drop in exports since the onset of the pandemic, while imports were little changed.

One of only two major ethanol plants in Britain has begun shutdown procedures as a flood of U.S. duty-free products looks set to wipe out production in the U.K.

The U.S. economy shrank at a 0.5% annual pace from January through March as President Donald Trump’s trade wars disrupted business, the Commerce Department reported June 26.

Federal Reserve Chair Jerome Powell on June 25 said the U.S. central bank is still struggling to determine the impact of tariffs on consumer prices.

“You’re the only country that is not paying. I don’t know what the problem is,” Trump said when asked about Spain balking at paying 5% of their GDP on defense.

A House lawmaker is pressing colleagues to advance legislation that takes aim at cargo theft in the rail sector.

Bennett Clarke Whitlock Jr., who helped steer the trucking industry through deregulation in the late 1970s and early 1980s, has died. He was 97.

Federal trucking regulators have implemented a rulemaking that creates a new digitalized system to replace outdated medical examiner paper documents.