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Hopes for President Donald Trump to strike a last-minute deal with China on tariffs appeared distant.

Daimler Truck North America sold 38,992 trucks and buses in Q1 2025, a decrease of 16% compared with 46,229 vehicles in the same period in 2024, parent company Daimler Truck said April 8.

President Donald Trump rejected an EU proposal to drop tariffs on all bilateral trade in industrial goods with the U.S., meaning that his 20% tariff on all EU imports is effective April 9.

China said April 8 it would “fight to the end” and take countermeasures to safeguard its own interests after President Donald Trump threatened an additional 50% tariff on Chinese imports.

Economists at Goldman Sachs have raised their assessment of the odds the U.S. will experience a recession to 45% from 35% following President Donald Trump's tariffs announcement April 2.

Senate Republican leader John Thune predicted a bipartisan bill that would give lawmakers greater oversight of President Donald Trump’s tariffs would languish in Congress.

Trump’s move to slap a 20% tariff on EU goods as part of his “America First” agenda has stirred fears of a global trade war — and led to a meltdown in financial markets.

President Xi Jinping’s decision to quickly retaliate against Donald Trump’s sweeping tariffs sent the world a clear message: If the U.S. wants a trade war, China is ready to fight.

It’s unclear what percentage of the cost Stellantis is willing to pay and suppliers would have to meet a number of requirements in order to qualify for the program.

The U.S. is poised to more than double duties on Canadian softwood lumber to 34.45%, putting more pressure on U.S. materials costs even before  any new tariffs on the sector.