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WTO: Full Drag of Trump Tariffs to Hit Trade Growth in 2026

Merchandise trade volumes are forecast to rise 2.4% this year, the Geneva-based forum said in a report Oct. 7 — much faster than the 0.9% growth it predicted in August.

October 7, 2025

Exxon Mobil Sees $500 Million Rebound in Q3 Refining Margins

Exxon is the first of the oil majors to post quarterly earnings guidance and often sets the trend for the industry.

October 7, 2025

Canada’s Carney Visits Trump Ahead of USMCA Review

One of the world’s most durable and amicable alliances has been fractured by Trump’s trade war and annexation threats.

October 7, 2025

Tesla Unveils Cheaper Versions of Model Y SUV, Model 3 Sedan

Tesla introduced new versions of its top-selling models priced at under $40,000, making its main vehicles more affordable to counteract the loss of U.S. incentives for electric cars.

October 7, 2025

Car Shipper Hoegh Drops on Weaker Trade and Port Fee Warning

U.S. port fees on China-built vessels are due to commence Oct. 14.

October 7, 2025

Canadian Hockey Stick Factory Fends Off Trump Tariffs

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.

October 8, 2025

Trump Approves Alaska Road Project, Stake in Trilogy Metals

President Donald Trump on Oct. 6 ordered approval of a proposed 211-mile road through an Alaska wilderness to allow mining of copper, cobalt, gold and other minerals.

October 7, 2025

Lucid Production, Deliveries Disappoint as Tax Credit Expires

Lucid Group’s electric vehicle production fell short of Wall Street’s forecasts during the third quarter as the car maker contends with the elimination of the consumer tax credit.

October 6, 2025

Brazil Posts Export Growth, Resisting Hit From US Tariffs

Brazil’s overall exports grew last month as greater shipments to destinations like China and Argentina blunted the hit from 50% tariffs imposed by the U.S. government, according to data.

October 6, 2025

Trump Delays US Tariffs on Heavy-Truck Imports to Nov. 1

President Donald Trump said 25% duties on medium- and heavy-duty trucks would begin Nov. 1, the latest expansion of his tariff regime aimed at protecting domestic industries.

October 6, 2025