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President Donald Trump suggested he would add an additional penalty over the country’s energy purchases from Russia.

“We’re most affected by the [tariff] instability in our industrial truckload base in the U.S.,” TFI CEO Alain Bédard said during a July 28 conference call with investors.

China’s top trade official Li Chenggang said the two sides agreed to keep the tariffs at current levels — the U.S. taxing Chinese goods at 30% and China collecting 10% on U.S. products.

The Washington Center for Equitable Growth analysis notes potential for wage stagnation and even layoffs and plant closures.

Stellantis has forecast that U.S. tariffs would cost it $1.7 billion this year, as higher duties hit the Jeep maker’s already struggling North American business.

Prime Minister Mark Carney said his government is in trade talks with the Trump administration despite recent comments from Trump suggesting a deal with Canada wasn’t a priority.

The three-judge panel said it wouldn’t act in a case brought Detroit Axle while a set of separate legal challenges to Trump’s tariff actions are pending before a federal appeals court.

Chinese Vice Premier He Lifeng and U.S. Treasury Secretary Scott Bessent are leading the delegations through July 29 in Stockholm — their third meeting in less than three months.

The U.S. and the EU agreed to a trade framework setting a 15% tariff on most goods, staving off — at least for now — far higher import duties that might have sent shock waves around the globe.

President Donald Trump’s administration is preparing a new emergency declaration as a basis for tariffs on Brazil, people familiar with the matter say.