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Freight Technologies of Houston announced it will hold President Donald Trump’s memecoin as a treasury asset, fueling its blistering stock rally.

While prices will rise for everyone, lower-income families are expected to lose a larger portion of their budgets because they tend to spend more of their earnings on goods.

The bill, signed April 14 by Gov. Sarah Huckabee Sanders, takes aim at what lawmakers and industry experts said is a spate of foreign drivers operating illegally and unsafely on U.S. roads.

Rather than pulling back in the face of U.S. tariff threats, major logistics and shipping players like DHL, Echo Global and CPKC are doubling down on Mexico. 

Mexico’s President Claudia Sheinbaum said there’s no agreement yet with her U.S. counterpart Donald Trump after the two spoke last week about lifting U.S. tariffs.

Fuel shipments from Texas headed to Mexico have ground to a halt as the Mexican government cracks down on imports over tax payments.

The strategy is one leg of a more wide-ranging plan to raise the logistics giant’s revenue by 50% by 2030 by focusing on fast-growing and high-margin niche markets.

Mexico wants a greater proportion of each auto built in the country to qualify for U.S. origin status, a move that would lower the impact of President Donald Trump’s tariff policies.

The U.S. government’s use of tariffs to address what are viewed as unfair trade practices and the overseas drug trade has been a hallmark of President Donald Trump’s second administration.

President Donald Trump’s sudden change to tariff policy on April 9 won’t affect the rates that currently apply to Canadian and Mexican products, according to a White House official.