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“We expect that level to remain in place. We don’t intend to escalate beyond that. We intend to really stick to the deal that we had before,” Jamieson Greer said on Fox Business.

The sudden switch promises a new era of fat profits for the companies. Long term, it risks sending American automakers off a cliff.

The company said Feb. 25 that the housing market remains pressured and that it’s focusing on improving productivity and other factors it can control. 

Lucid Group plans to boost electric vehicle output more slowly in 2026 following a year marked by production struggles and faltering demand for battery-powered vehicles in the U.S.

Israel plans to make further trade concessions to the U.S. on food and agricultural goods as part of efforts to persuade its closest ally to ease tariffs on exports from the Jewish state.

European Union officials believe the U.S. will soon streamline its broad tariffs on products containing steel and aluminum, a topic that’s been an irritant in transatlantic relations.

The Supreme Court’s decision on President Donald Trump’s sweeping tariffs may drive up cargo volume, Port of Los Angeles Executive Director Eugene Seroka said.

Donald Trump’s new 10% global tariffs went into effect Feb. 24, kicking off a White House effort to preserve the president’s trade agenda after the Supreme Court struck down his original duties. 

Forward Air posted a fourth-quarter loss of $36.4 million while focusing on its improvement initiatives, the company reported Feb. 23.

The rise in confidence comes as recent data has indicated the labor market is showing some signs of stabilization and inflation has been relatively tame.