Trade War News Updates

The U.S. has emerged as the world’s supplier of last resort, with diesel exports surging to a weekly record of nearly 2 million barrels a day in August.

The U.S. has signaled privately that the chances of a deal on Aug. 18 are a coin flip or worse, said the sources, who spoke on condition of anonymity.

Trump’s suspension of the carve-out had led to more than $1 billion in duty payments by the end of 2025, according to Customs and Border Protection.

The sweeping new demands from Trump are almost certain to be rejected by Iran and come after Tehran reiterated requests for reparations over the weekend.

The new tariffs will take effect in 30 days, according to a senior administration official who briefed reporters July 20 on the decision.

The parent company of Freightliner and Western Star is seeing heavy replacement demand from larger on-highway fleets in particular, DTNA CEO John O’Leary said.

The two have agreed in principle to include agricultural products in a reciprocal tariff reduction framework following talks, China’s Ministry of Commerce said.

Annual reviews instead of a longer-term renewal open the door to years of contentious negotiations over the rules governing continentwide supply chains.

Assuming no growth in June, the industry-based output data suggests Canada’s economy will expand at a 2.3% annualized pace in the second quarter.

Facing an estimated $166 billion in refunds, the Trump administration began processing repayments in April. The first round of repayments took place in May.