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The extra barrels have so far only put modest downward pressure on crude prices, but threaten to unleash a major surplus in the coming months, according to the International Energy Agency.

“Please give my warmest regards to Vladimir Putin, and Kim Jong Un, as you conspire against The United States of America,” Trump said on his Truth Social site.

“President Trump has not put tariffs on China because those negotiations are ongoing. And the war in Ukraine is certainly part of that discussion,” U.S. Ambassador Matthew Whitaker said.

Trillions of dollars of global trade are embroiled in the legal fight. A final ruling tossing Trump’s tariffs would upend his much-ballyhooed trade deals.

Frustration and economic losses like those in the U.K. are growing in Japan, the European Union and South Korea.

General Motors is one of the carmakers to agree to a multiyear pact.

The president has repeatedly promised that levies on chips and pharmaceuticals are coming within weeks, but no formal announcements have yet been made.

Revenue is projected to decline by as much as 7% this year, so the manufacturer is paring back investments and pledged continued cost cuts.

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.

The pending expiration of federal rebates sets the stage for a nationwide rush of EV buying before the $7,500 federal credit expires.