Tariffs News Updates

Kenworth introduced the C580 heavy-haul truck to replace the C500, pairing a proven severe-duty chassis with a new cab. The Paccar unit has set production to begin in January 2027.

“Spain has absolutely nothing that we need other than great people,” President Trump said. “They have great people, but they don’t have great leadership.”

An appeals court rejected the Trump administration’s request to delay next steps in the fight over tariff refunds for importers after the Supreme Court struck down Trump's signature policy.

The Institute for Supply Management’s gauge of prices paid for manufacturing inputs jumped 11.5 points to 70.5, the highest level since overall inflation peaked nearly four years ago.

“One of the things in this industry is that there’s always uncertainties,” Krista Swanson, chief economist at the National Corn Growers Association, said in an interview.

The most immediate impact from the escalating Middle East conflict is through market reaction as investors take flight to safe havens such as the dollar and gold, while stocks slump.

Thousands of companies are angling for refunds on President Donald Trump’s tariffs, many of which were ruled unconstitutional Feb. 20. Now some retail customers are joining the scrum.

The justices were silent on the refund question, leaving questions of payback to the New York-based U.S. Court of International Trade. No one expects a speedy resolution.

Logistics giant FedEx said in a Feb. 26 statement that it will return any tariff refund it might get to shippers and customers who paid them.

The threat of rising truck prices earned a reprieve after the Supreme Court struck down key tariffs under the Trump administration, but uncertainty remains for manufacturers and buyers alike.