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The drop in port activity came as importers and retailers — especially those with business in China — grappled with the uncertainty of Trump’s trade war.

The Labor Department reported June 12 that its producer price index rose 2.6% in May. Producer prices rose 0.1% from April to May after dropping 0.2% the month before.

The IMF is seeing signs that the rise in trade and activity to front-run President Donald Trump’s tariffs is beginning to unwind as the global economy still faces heightened uncertainty.

After fresh negotiations in London, tariff rates remain essentially unchanged. Rare earth shipments from China are set to return to pre-April 2 conditions.

The permit allows a private investment group to construct, maintain and operate a commercial elevated guideway crossing at the U.S.-Mexico border in Laredo, Texas.

The trucking industry is facing a tepid financial outlook amid volatile market conditions compelled by the ongoing tariff-fueled global trade war, experts said.

President Donald Trump said he intended to send letters to trading partners in the next one to two weeks setting unilateral tariff rates, ahead of a July 9 deadline to reimpose higher duties.

President Donald Trump is expected to sign a measure June 12 that blocks California’s first-in-the-nation rule banning the sale of new gas-powered cars by 2035, a White House official told AP.

“We cannot accept any form of unfair practices from different countries when it comes to our Canadian market. That’s enough,” Industry Minister Melanie Joly told reporters on June 11.

U.S. customs duties climbed to a record in May, helping shrink the budget deficit for the month, while doubts remain about the persistence of the inflows.