The EU has shared a revised proposal with the U.S., as it aims to inject momentum in talks with President Donald Trump’s administration amid lingering skepticism that a deal can be reached.
May 21, 2025tariffs News Updates
EU Moves to Revive Fractured Trade Talks With Trump
ATA Opposes Federal Probe That Could Increase Truck Tariffs
ATA and the U.S. Chamber of Commerce are opposing a proposed federal investigation into whether the importation of medium- and heavy-duty trucks and parts poses a threat to national security.
May 21, 2025China-US Trade Soars in Race to Hit Trade Truce Window
A temporary trade truce between the world’s two largest economies has sparked a knee-jerk bounce across China’s ports and factory floors.
May 21, 2025GM Stops Small Number of Car Exports to China Due to Tariffs
General Motors has halted shipments of a small number of U.S.-made vehicles to China as the fallout of President Donald Trump’s tariffs reshapes the global auto sector.
May 20, 2025LA Port Shipments Fell 30% in Early May After Trump Tariffs
Inbound shipments to the Port of Los Angeles — the busiest container hub in the U.S. — dropped as much as 30% in early May as President Donald Trump’s tariffs discourage trade.
May 20, 2025Saddle Creek Logistics to Lay Off 54 in Virginia
Saddle Creek Logistics plans to lay off 54 employees at its facility in South Richmond, Va., as freight shipping worldwide slows down because of uncertainty over tariffs and the economy.
May 19, 2025Canada Says Most Tariffs on US Remain, Contradicting Report
Canada’s finance minister said the government kept 25% retaliatory tariffs on U.S. goods, disputing an Oxford Economics report that suggested it had paused the vast majority of those levies.
May 19, 2025UN Forecasts Slower Global Economic Growth
The United Nations on May 15 forecast slower global economic growth this year and next, pointing to the impact of the surge in U.S. tariffs and increasing trade tensions.
May 16, 2025Tariff Truce Boosts Global Shippers
Importers rushing to ship Chinese goods to the U.S. using a short reprieve from paralyzing tariffs could provide a much-needed boost to global freighters including Maersk and Cosco.
May 16, 2025Deere Swells to Record on Optimism for Farm Economy
Deere & Co. jumped to a record after earnings beat the highest of analyst estimates, even as the world’s largest farm machinery maker trimmed its profit outlook for the year.
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