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“Tariffs, I think, have taken most of the air out of the room this year,” said Andrei Quinn-Barabanov, supply chain and risk management leader at Moody’s.

CSCMP’s 2025 State of Logistics Report found that annual expenditures associated with moving freight grew 5.4% year over year to $2.58 trillion in 2024 compared with 2023.

Trump’s tariffs have cast a chill over the Canadian automotive sector, but have also affected U.S.-based companies.

Bridgestone expects a tougher second half as its U.S. business faces a sharp drop in truck tire demand, tariffs take a toll and it deals with the fallout from a cyberattack that disrupted production.

The federal government logged a $1.8 trillion budget deficit for the 2025 fiscal year, little changed from 2024 despite a surge in tariff revenue, according to the Congressional Budget Office.

Canadian Prime Minister Mark Carney pitched deeper cooperation with the U.S. on energy, including a possible revival of the Keystone XL pipeline, in his meeting with President Donald Trump.

Some 14% of shippers serviced by 3PLs are extremely confident in their ability to adapt to the shifting sands of U.S. trade policy and myriad tariffs imposed by the Trump administration.

The global economy is holding up better than expected despite major shocks such as President Donald Trump’s tariffs, but Kristalina Georgieva says that resilience may not last.

The new demands come as the two sides prepare to negotiate the next steps of this summer’s trade deal, which set a 15% tariff on most EU goods entering the U.S.

As Roustan Hockey faces a trade war launched by President Donald Trump, the disruption underscores the broader turmoil that’s left the Canadian economy reeling.