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Car companies are stepping in to preserve discounts and smooth the sell-down of existing EV inventory after the federal EV subsidy phased out Sept. 30.

Every one of the countries identified by the U.S. Department of Commerce Foreign Trade Division as a top supplier by export value of trucks to the U.S. warned the agency against the levies.

The project, dubbed Ohio One, “remains an important part of our long-term plans to expand leading-edge manufacturing on U.S. soil,” Intel said in a statement.

The elimination of a $7,500 consumer tax credit and softening of emissions rules by the Trump administration will sharply curtail EV demand in the U.S., Jim Farley said.

President Donald Trump ordered 10% tariffs on imports of softwood timber and lumber as well as 25% levies on kitchen cabinets, vanities and upholstered wood products.

At least eight cabinet departments comprising more than two-thirds of the federal workforce had detailed their shutdown plans by the afternoon of Sept. 29.

A long-awaited rule published Sept. 29 by the Commerce Department seeks to prevent sanctioned companies from using affiliates to access restricted U.S. goods. 

Ford Motor Co. shares climbed to their highest level since July 2024 on Sept. 26 on President Donald Trump’s newly announced truck levies.

American Trucking Associations in May voiced opposition to the prospect of the proposed truck tariffs, stressing the levies could cause financial strain for an industry already struggling.

Senior senators continue to negotiate terms of fiscal 2026 funding legislation on the heels of a House-passed short-term measure that would keep agencies operating through mid-November.