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American businesses are canceling orders from China, postponing expansion plans and hunkering down to see what trade policy surprises President Donald Trump plans to spring on them next.

The U.S. economy shrank 0.3% from January through March, first drop in three years. It was slowed by a surge in imports as companies in the United States tried to bring in foreign goods before President Donald Trump imposed massive tariffs.

Japan’s top automaker, Toyota, announced a partnership with U.S. autonomous driving technology company Waymo on April 30.

Mack Trucks pulled back the curtain April 29 on plans to launch a battery-electric version of the Volvo Group division’s recently unveiled flagship on-highway Class 8 tractor, the Pioneer.

Archer-Daniels-Midland Co. is cutting jobs at its global commodity desk after a probe into its accounting practices wiped out billions from the agriculture giant’s value, according to sources.

International Motors does not expect any job cuts at its U.S. manufacturing facilities despite a slump in demand in the first quarter of 2025, CEO Mathias Carlbaum said April 29.

President Donald Trump signed an executive order easing the impact of his auto tariffs, yielding to weeks of intense lobbying from automakers, parts suppliers and car dealers.

Bellevue, Wash.-based Paccar reported net income of $505.1 million in the first three months of 2025, less than half the $1.2 billion profit posted in the year-ago period.

UPS experienced a 3.3% rise in earnings during the first quarter amid ongoing efforts to reduce costs and improve its network, the company reported April 29.

Lawmakers are funding the $1 million pilot project led by the state's Department of Transportation in partnership with the State Patrol and Washington Traffic Safety Commission.