Donald Trump Transportation News Updates

Government, Business

Trump Remains Opposed to US Steel Sale

President-elect Donald Trump reiterated his opposition to the sale of U.S. Steel Corp. to Nippon Steel Corp., saying he鈥檇 instead use tariffs and tax incentives to revive the steelmaker.

December 3, 2024
Government, Business, Logistics

Mexico Warns Against 鈥業nflationary鈥 US Tariff Plan

Donald Trump鈥檚 threat of 25% tariffs on Mexico and Canada would cost the U.S. economy as many as 400,000 jobs and increase prices for American consumers, according to the Mexican government.

November 27, 2024
Government, Business, Logistics

European Markets Slide on Trump鈥檚 Trade War Warning

Trump's threat to hit Canada, China and Mexico with tariffs because of the flow of illegal drugs and migrants into the U.S. sent European stocks lower.

November 27, 2024
Government, Business, Logistics

Trump鈥檚 Trade Pick Pushes Strategic Decoupling From China

Jamieson Greer, who鈥檚 been nominated as the U.S. trade representative, played a key role in imposing tariffs on China during Trump鈥檚 first term.

November 27, 2024
Government, Business

Goldman Warns of Consequences From Canada Tariff Plan

The 25% levy on all products from Canada proposed by Trump would likely raise the price of fuels in the U.S., said Daan Struyven, the head of commodities research for Goldman.

November 27, 2024
Government, Business

Consumer Spending Powers Q3 US GDP Growth to 2.8%

Gross domestic product increased at a 2.8% annualized pace in the third quarter, the second estimate of the figures from the Bureau of Economic Analysis showed Nov. 27.

November 27, 2024
Government, Business

Citigroup: Trump Tariffs to Drive Up Aluminum, Steel Prices

President-elect Donald Trump鈥檚 plan to impose 25% tariffs on all goods from Canada and Mexico will push up steel and aluminum prices across the U.S., according to Citigroup analysts.

November 26, 2024
Government, Business

US Consumers More Confident About Jobs, Economy

A gauge of present conditions increased to an eight-month high. The group鈥檚 measure of expectations for the next six months edged to an almost three-year high.

November 26, 2024
Government, Business, Fuel

Exxon Exec Says Oil Output Won鈥檛 Surge Despite Trump Agenda

Oil and gas producers in the U.S. will not raise output significantly in the coming years despite calls from President-elect Donald Trump to 鈥渄rill, baby, drill,鈥 said an Exxon executive.

November 26, 2024
Government, Business, Technology, Equipment, Fuel

Newsom, Musk Clash Over California EV Incentive Plan

Gavin Newsom is positioning California as a foil to Donald Trump鈥檚 policies, laying the groundwork for resistance on everything from deportations to regulation rollbacks.

November 26, 2024