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Trump Signs Order Hiking Steel, Aluminum Tariffs to 50%

President Donald Trump signed a directive June 3 formally raising steel and aluminum tariffs to 50% from 25% starting June 4.

June 3, 2025

US Sent Letters to Trade Partners Ahead of Tariff Deadline

The Office of the U.S. Trade Representative has sent letters to trading partners to remind them of an upcoming deadline in tariff negotiations, according to the White House.

June 3, 2025

Reservation System at Ports Cuts Ship Emissions by Up to 24%

Researchers have calculated that the containership reservation system at the ports of Los Angeles and Long Beach is paying a climate dividend.

June 3, 2025

Trucks in China Make Switch From Diesel to Electric

More and more Chinese trucks are being powered by batteries, another sign that oil-based fuels are getting shoved to the sidelines in an increasingly electrified economy.

June 3, 2025

Trump Trade War to Hobble US Growth, OECD Says

U.S. economic growth will slow to 1.6% this year as President Donald Trump’s erratic trade wars disrupt global commerce, drive up costs and leave businesses and consumers frozen by uncertainty.

June 3, 2025

Manufacturing Activity Shrank in May for Third Straight Month

U.S. factory activity contracted in May for a third consecutive month and a gauge of imports fell to a 16-year low as firms pulled back in the face of higher tariffs.

June 3, 2025

Canada Premiers Pitch Carney on Pipelines, Ports and Mines

Canada’s provincial leaders urged Prime Minister Mark Carney to back new oil pipelines, electricity grids, critical mineral mines, ports and railways at a meeting June 2 meant to identify “nation-building” projects to be fast-tracked.

June 2, 2025

Group That Won Trade Ruling Wants Tariffs Halted During Appeal

A group of small businesses that won a ruling that most of President Donald Trump’s global tariffs are illegal want them blocked during the administration’s appeal.

June 2, 2025

Trump Seeks Xi Call as Rare Earth Clash Escalates

After the U.S. and China agreed to lower tariffs from astronomical heights, tensions are now surging over access to chips and rare earths. And Beijing increasingly appears to have an edge.

June 2, 2025