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Both Daimler and Traton operate assembly sites in Mexico that may be affected by the 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.

Export markets for crops have dried up in the wake of the president’s trade wars and federal safety-net programs have shrunk.

Mexico, Brazil and Canada are each seeking to negotiate with the Trump administration to reduce the tariffs, but they’re also focused on blocking the rising tide of cheap Chinese supply.

The Trump administration launched investigations into imports of robotics, industrial machinery and medical devices, setting the stage for fresh duties.

The move cements the terms of the framework trade agreement the two sides struck this summer.

EU trade chief Maros Sefcovic will meet with U.S. Trade Representative Jamieson Greer on the sidelines of the ASEAN ministerial summit in Kuala Lumpur.

The head of the largest U.S. aluminum producer warns import tariffs will destroy demand for American metal, contrary to the Trump administration’s claim that duties will revitalize the industry.

Cooler demand limited the ability of companies to raise prices and offset tariffs. The S&P Global flash September composite output index fell 1 point to 53.6. 

Soybean oil futures fell to the lowest in more than three months as Argentina moved to temporarily scrap export tariffs on the country’s crop cargoes, adding pressure to U.S. soy prices.