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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 said that goods from Mexico imported into the U.S. would continue to face a 25% tariff, and that autos would face a 25% tariff, while copper, aluminum and steel would be taxed at 50%.
Daytime autonomous runs on the Dallas-Houston corridor laid the groundwork for the new overnight service, which more than doubles each truck’s utilization potential.
A loss for the government would raise questions about the validity of Trump’s recent trade deals.
Prices rose 2.6% in June compared with a year ago, the Commerce Department said July 31, up from an annual pace of 2.4% in May.
C.H. Robinson delivered an earnings increase during the second quarter, despite lower revenue, with the execution of its strategic initiatives, the company reported July 30.
Trump to Leverage Canada’s Palestine Stance in Trade Talks
Trump has threatened to impose a 35% tariff on Canada if no deal is reached by Aug. 1.
FMCSA Nominee Derek Barrs Moves to Senate Floor
Derek Barrs, nominated by President Donald Trump to the top post at the Federal Motor Carrier Safety Administration, was easily approved by the Commerce Committee July 30.
Defense Bill Would Prioritize Restroom Access for Truckers
When Congress resumes its legislative calendar after the August recess, lawmakers will consider comprehensive defense policy legislation linked to the trucking sector.
John Hess to Buy Back Toy Trucks From Chevron After Takeover
John Hess plans to buy back his family’s iconic toy truck business next year from Chevron after the oil giant bought his company this month.
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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.
The rule had "put the trucking industry on a path to economic ruin and would have crippled our supply chain, disrupted deliveries and raised prices," said ATA President Chris Spear.
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.
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