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The shift in fortunes began during President Donald Trump’s trade war with China in his first term, with the initial annual deficits recorded in 2019 and 2020.

“The real question everybody in the industry is asking is whether there will be a component tariff, where the chips in a device would require some sort of separate tariff calculation.”

GHG3 was rolled out under the Biden administration but came under heavy fire from trucking stakeholders, many of whom characterized it as damaging to carriers.

Just after midnight, goods from more than 60 countries and the European Union became subject to tariff rates of 10% or higher.

Nvidia CEO Jensen Huang’s visit came hours before another tech leader — Apple CEO Tim Cook — was set to announce a commitment for $100 billion in fresh domestic manufacturing investments.

The extension was announced Aug. 6 by the Ministry of Commerce. China is the world’s top buyer of the meat, which means its imports are tracked closely by the global market. 

U.S. auto safety regulators granted an exemption to federal vehicle safety standards for purpose-built driverless cars made by Zoox, the Transportation Department said in a statement.

Days after the engine's first showcase at ATA's TMC 2025 annual meeting, the Trump administration warned EPA regulations for heavy-duty trucks would be reassessed, with rollback likely.

An additional 25% tariff was tacked on India for its purchases of Russian oil.

The tax package that President Donald Trump signed into law last month included a rule change that attacked what’s been an important source of revenue for Rivian and Tesla for years.