Ford engineered its next-generation EV to be lighter, sleeker and more electrically efficient so that it can go farther on a charge and start at $30,000, some $20,000 cheaper than the average new car.

Janice Charette will work with the minister responsible for Canada-U.S. trade, Dominic LeBlanc, on the joint review of the trade agreement between Canada, the U.S. and Mexico.

Sinokor’s aggressive buying has spooked the market, traders say, in turn dramatically driving up the cost of freight as nervous charterers rush to book space in case prices rise further in the future due to the concentrated ownership.

The decision comes at a volatile time for the automotive business, which is grappling with high costs, economic uncertainty and affordability challenges for consumers.

Qube operates a transport and trade network that handles goods and services, including outbound grain and cottonseed shipments. It has operations in Australia, New Zealand and Southeast Asia. 

The rollback plans were reported earlier by the Financial Times. Aluminum and other metals fell following the report, while shares of U.S. steelmakers and aluminum producers sank.

The move comes immediately on the heels of a trade deal with the U.S. that slashes punitive tariffs for Indian exports but demands that the country stop importing discounted Russian oil.