tariffs News Updates

Government, Business, Logistics

States Sue Trump Over Tariffs Imposed Without Congress

The suit argues that Congress didn’t grant Trump the necessary authority to impose the tariffs and national trade policy “now hinges on the president’s whims."

April 23, 2025
Government, Business, Logistics

Trump Hasn’t Offered Unilateral Tariff Cuts on China

Treasury Secretary Scott Bessent said that the Trump administration is looking at multiple factors regarding China beyond just tariffs — including non-tariff barriers.

April 23, 2025
Government, Business

Trump Floats ‘Substantial’ China Tariff Cuts in Trade Deal

President Donald Trump said he plans to be “very nice” to China in any trade talks and that tariffs will drop if the countries can reach a deal, a sign he may be backing down from his tough stance.

April 23, 2025
Government, Business, Equipment

Volvo Q1 Profit Falls 29% as Tariffs Cloud Outlook

Volvo Group profit slumped 29% year over year in the first quarter of 2025 as uncertainty around tariffs and the impact on global trade hurt truck demand in North America and Europe.

April 23, 2025
Government, Business

Trump Softens Tone on Tariffs, Says He Won’t Fire Powell

President Donald Trump allayed fears that he plans to fire Fed Chair Jerome Powell and signaled he would be "very nice" to China in trade talks.

April 23, 2025
Government, Business, Logistics, For-Hire, Private, Global Freight

US-China Tariffs Hit Amazon, FedEx, UPS Distribution Links

President Donald Trump’s tariffs on Chinese imports threaten to disrupt Southern California’s trade and logistics economy, a sector that moves a third of the nation’s container cargo.

April 22, 2025
Government, Business, Technology, Equipment, Logistics

Bessent Predicts US-China Trade De-Escalation

But in a private speech in Washington for JPMorgan Chase, Treasury Secretary Scott Bessent also cautioned that talks between the United States and China had yet to formally start.

April 22, 2025
Government, Business, Fuel

Tariffs Hit Halliburton’s Core Fracking Business

The dominant North American oil field services provider told investors April 22 on a conference call that tariffs will have an impact of 2 to 3 cents per share during the second quarter.

April 22, 2025
Business, Logistics, Breaking News

Truck Tonnage Slips 1.5% in March After Strong February

The U.S. freight market slowed in March after a robust February, but data for Q1 of 2025 as a whole suggested a turnaround was underway, according to American Trucking Associations.

April 22, 2025
Government, Business, Logistics, Global Freight

Logistics and Shipping Players Are Doubling Down on Mexico

Rather than pulling back in the face of U.S. tariff threats, major logistics and shipping players like DHL, Echo Global and CPKC are doubling down on Mexico. 

April 22, 2025