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Trump Gets Tentative Win From CBO Tax and Tariff Estimates

The CBO handed Republicans a major political talking point, with projections showing the possibility for tariffs to bring in more federal revenue than would be lost by Trump's tax cut plan.

June 4, 2025

Fleet Margins Set to Shrink Again in 2025, CSCMP Finds

Tariffs introduced by the Trump administration, and the consequent aversion to risk, are a major reason why there is no clear trajectory for recovery, the study’s authors warned.

June 4, 2025

Daimler Truck Financial Services Selects North Carolina HQ

The financial lender for Daimler Truck North America will establish its headquarters in North Carolina with a $7.8 million investment that will add 276 jobs in Charlotte.

June 4, 2025

Mexico Will Ask US Government for Steel Tariff Exemption

Mexico will ask President Donald Trump’s administration on June 6 to be exempted from an increase in steel tariffs to 50%, the country’s economy minister said.

June 4, 2025

Senate Panel Advances Moving Industry Freight Fraud Bill

Bipartisan legislation seeking to enhance consumer protections in the moving industry was recently approved by a Senate committee.

June 4, 2025

UK Gets Reprieve on Steel Tariff

The U.K.has a new five-week deadline to finalize its trade agreement with the U.S. after President Donald Trump spared the country’s steel and aluminum exports from a doubling of tariffs.

June 4, 2025

Hiring Cools to Slowest Pace in Two Years, ADP Data Shows

Hiring decelerated to the slowest pace in two years as sectors including transportation shed jobs, pointing to a weakened demand for workers.

June 4, 2025

Trump: China’s Xi Is ‘Extremely Hard to Make a Deal With’

President Donald Trump said in a late-night social media post that Chinese leader Xi Jinping was very tough to make a deal with, raising questions about whether a fragile economic truce will hold.

June 4, 2025

US and EU Trade Negotiators Discuss Tariffs in Paris

Europe and the United States are meeting in Paris to negotiate a settlement of a tense tariff spat with global economic ramifications between two global economic powerhouses.

June 4, 2025