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US Tariff-Driven Customs Receipts Top $100 Billion

The Treasury Department recorded $27 billion in customs-duties revenue for June, bringing fiscal year-to-date inflows from levies to $113 billion.

July 11, 2025

Trump’s 50% Copper Tariff Could Rattle US Supply Chains

U.S. buyers of copper will pay a high price if President Donald Trump pushes ahead with a 50% tariff on refined metal as opposed to products such as wiring, according to producers and analysts.

July 10, 2025

Tesla to Start Robotaxi Service in California and Arizona

CEO Elon Musk predicted on his social media service X that Tesla robotaxis could launch in the San Francisco Bay area “probably in a month or two,” pending regulatory approvals.

July 10, 2025

Cruise Cuts 101 Employees as GM Winds Down Robotaxi Program

Cruise, the embattled self-driving car subsidiary of GM, has laid off 101 more employees across the Bay Area, marking the latest round of job cuts as the company scales back its robotaxi efforts.

July 9, 2025

Amazon's Seller Pricing Limits Face Canadian Review

Canada’s competition watchdog secured a court order to help its investigation into whether Amazon is abusing its dominant retail position in the market.

July 8, 2025

Trump to Impose 50% Copper Tariff, Delay Drug Duties

“I believe the tariff on copper we’re going to make it 50%,” President Donald Trump said when asked by a reporter what the rate on those products would be.

July 8, 2025

Ford Battery Plant Clears Hurdle With Tax Credit Win

A spokesperson said the Michigan facility is on schedule to open next year and will ultimately employ 1,700 workers as the company had projected when it downsized the project in late 2023.

July 8, 2025

Trump Sends Tariff Threat Letters to Allied Nations

The letters issued July 7 so far appeared to largely be a novel method of again punting a looming July 9 deadline for so-called “reciprocal” tariffs until at least the beginning of August.

July 7, 2025

Oregon Backs $100 Million Coos Bay Container Terminal

Oregon lawmakers on June 30 approved $100 million for a new container terminal at the Port of Coos Bay, propelling the Pacific Coast Intermodal Port from proposal to construction plan.

July 7, 2025

Moove Looks to Expand to US With Waymo Fleet

African ride-hailing startup Moove is close to raising $1.2 billion in a debt round that will help it finance a rollout of an autonomous-driving fleet with Waymo and expand in the U.S.

July 2, 2025