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Canada Says Most Tariffs on US Remain, Contradicting Report

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.

May 19, 2025

UN Forecasts Slower Global Economic Growth

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.

May 16, 2025

Tariff Truce Boosts Global Shippers

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.

May 16, 2025

Fed’s Barr Says Supply Chain Chaos Could Boost Inflation

Federal Reserve Governor Michael Barr said the economy is on solid ground, but warned tariff-related supply chain disruptions could lead to lower growth and higher inflation.

May 15, 2025

FHWA Nominee McMaster Promotes Permitting Reform, Safety

Sean McMaster, nominee to lead the Federal Highway Administration, appeared before the Senate Environment and Public Works Committee on May 14, the first step of his confirmation process.

May 15, 2025

Ford Recalls 274,000 Navigator, Expedition SUVs

Ford is recalling nearly 274,000 of its Expedition and Lincoln-branded Navigator SUVs due to an issue that may cause a loss of brake function while driving, increasing crash risks.

May 15, 2025

House Panel Weighs Input on Highway Funding Priorities

The transportation panel in the U.S. House of Representatives recently reviewed proposals from its colleagues as a way to inform an upcoming multiyear highway policy measure.

May 15, 2025

Walmart Says It Will Raise Prices Due to Tariff Costs

Walmart’s first-quarter profit slipped and it said it must raise prices due to higher costs from tariffs implemented by President Donald Trump.

May 15, 2025

Japanese Carmakers Face $19 Billion Hit From Trump’s Tariffs

Japan’s biggest carmakers are looking at a hit of more than $19 billion from President Donald Trump’s tariffs that have left the global auto industry reeling.

May 14, 2025