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Inbound shipments to the Port of Los Angeles — the busiest container hub in the U.S. — dropped as much as 30% in early May as President Donald Trump’s tariffs discourage trade.

Two Federal Reserve officials, including New York Fed chief John Williams, suggested policymakers may not be ready to lower interest rates before September.

American and foreign companies can ride out federal tariff uncertainties by seeking business stability in states with favorable regulations, taxation policies and economic incentives.

Nippon Steel plans to invest $14 billion in U.S. Steel if the Trump administration approves the merger of the companies, Reuters reported.

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.

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.

Oregon will delay enforcing a rule that requires truck makers to increase electric truck sales in light of industry difficulties and threatened federal funding cuts.

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.

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.