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U.S. oil production is now expected to fall in 2026 as prices slide, according to a government forecast, reversing years of growth that propelled the country to the world’s top producer.

“We have heard loud and clear from small businesses across the United States that the current DEF system is unacceptable," EPA Administrator Lee Zeldin said.

Diesel fuel’s national average price shed 4.6 cents to $3.754 a gallon in its third straight decline, according to U.S. Information Administration data released Aug. 12.

Trump’s imposition of 25% tariffs on foreign vehicles has disrupted the long-standing system that mostly allowed the free flow of vehicles and parts across the three North American countries.

Trump in a social media post on Aug. 12 resumed his criticism of the Fed chair over the central bank’s decision to hold interest rates steady and again hammered Powell over the renovation work.

Audi’s labor leaders are willing to back an expansion in the country only if management gives long-term guarantees for jobs and output at home.

The core consumer price index, excluding the often volatile food and energy categories, increased 0.3% from June, according to Bureau of Labor Statistics data out Aug. 12.

The U.S. lumber industry says financial support pledged by Canada to domestic forestry companies risks deepening the neighbors’ long-running trade dispute and may result in yet more import taxes.

Daimler, International, Paccar and Volvo Group are suing the California Air Resources Board on grounds that federal actions vacated the state’s efforts to enforce its own emissions rules.

President Donald Trump on Aug. 11 extended a tariff truce with China for another 90 days through Nov. 10, stabilizing trade ties between the world’s two largest economies.