Customs duties hit $30 billion last month, marking a 296% surge over August last year, the Treasury Department reported. At the same time, the monthly budget deficit came in at $345 billion.
September 11, 2025Search
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ATA Touts Lawsuit Abuse Legislation
The Lawsuit Abuse Reduction Act is designed to mitigate the impact of lawsuits deemed frivolous as well as shield employers from defending against inordinate claims.
September 11, 2025Hyundai Says Battery Plant Delayed After Immigration Raid
Hyundai CEO José Muñoz said in an interview Sept. 11 that the work was being set back by two to three months.
September 11, 2025OPEC Still Sees Tight Oil Market Despite Supply Increases
OPEC and its partners will need to provide an average of 43.45 million barrels a day in the second half of this year, considerably more than the 42.4 million they pumped in August.
September 11, 2025Inflation Worsened in August as Cost of Gas, Food Jumped
The reading is the last data the Federal Reserve will receive before its key meeting next week, when policymakers are widely expected to cut their short-term rate to about 4.1% from 4.3%.
September 11, 2025Biofuel Shares Hit as Policy Speculation Stokes Demand Fears
Biofuel company shares dipped on fears that Trump administration policies may fall short of offsetting exemptions from mandates requiring refineries to blend renewable fuels into gas and diesel.
September 10, 2025Congress Reviews Legislation to Improve Commercial Waterways
The Water Resources Development Act is credited with playing a vital economic role in guaranteeing efficiency along supply chains.
September 10, 2025Mexico Plans Tariffs of 50% on Chinese Cars, Steel, Textiles
Mexico is looking to apply tariffs of as much as 50% on cars and auto parts, as well as steel and textiles from China and other countries with which it does not have a trade agreement.
September 10, 2025Plane Waits to Take Detained Hyundai Workers to South Korea
More than 300 South Koreans were among about 475 workers detained during last week’s raid at the battery factory under construction on the campus of Hyundai’s auto plant west of Savannah.
September 10, 2025GM Delays Cuts at Canada Plant Threatened by Trump’s Tariffs
The Detroit-based automaker will keep three shifts at its factory in Oshawa, Ontario, until at least Jan. 30.
September 10, 2025