Government, Business, Logistics

Commerce Secretary Wilbur Ross Says It’s a ‘Little Premature’ to Discuss US WTO Exit

Andrew Harrer/Bloomberg News

Commerce Secretary Wilbur Ross said it’s a “little premature” to discuss the U.S. withdrawing from the World Trade Organization as the Trump administration continues to look at ways to improve the global trade body.

Kasia Klimasinska | Bloomberg News
July 2, 2018
Government, Business, Equipment, TCA

Mack Trucks: Trump’s Tariffs Could Put Us at a Competitive Disadvantage

Sporting an "I Love Trucks" button, President Donald Trump speaks meets with truckers and industry CEOs regarding healthcare, March 23, 2017, in the Cabinet Room of the White House. (AP Photo/Andrew Harnik)

Back on March 23, 2017, President Donald Trump welcomed trucking industry representatives to the White House for a discussion on health care. During their visit, Trump, wearing an “I [heart] truckers” pin, climbed into the cab of a Mack truck parked on the lawn, pumped his fists and pretended to drive the stationary big rig.

Jon Harris | The Morning Call (Allentown, Pa.)
June 28, 2018
Government, Business, Logistics

Trade War Shows Signs of Impact in US Exports, Durables Data

Alabama State Port Authority

Some economists are detecting signs in data that trade tensions are having an impact on American companies.

Katia Dmitrieva | Bloomberg News
June 27, 2018
Government, Business, Logistics

Louisiana Port Feels Effects of Trump Trade War

Ben Depp/Bloomberg News

To understand what a trade war means for America, go to the Mississippi. Follow the mud-brown river past Louisiana’s chemical plants, oil refineries, granaries, ports, and the rail networks and highways that spring from its fingers.

Katia Dmitrieva | Bloomberg News
June 27, 2018
Government, Business

Automakers Group Decries Being Cast as Threat to US Security

Daniel Acker/Bloomberg News

Auto manufacturers and suppliers based outside the United States condemned the Trump administration’s investigation into imports of cars and parts by portraying as absurd the idea that their products pose national security risks.

John Lippert | Bloomberg News
June 27, 2018
Government, Business, Logistics

Mnuchin’s Silence Signals His Displeasure With Trump’s Trade War

Kevin C. Downs/New York Daily News/TNS

Treasury Secretary Steven Mnuchin is signaling his displeasure with President Donald Trump’s trade war with China by saying nothing at all.

Saleha Mohsin | Bloomberg News
June 22, 2018
Business, Equipment

German Auto Stocks Decline on Threat of 20% Tariff

Getty Images

German automotive stocks fell after U.S. President Donald Trump threatened to impose a 20% tariff on all European car imports, escalating his demand for concessions aimed at lowering the U.S. trade deficit.

Anthony Palazzo and Chris Reiter | Bloomberg News
June 22, 2018
Government, Business, Equipment

Global Auto Sector Likely to Feel Effects of Tariffs

Daniel Acker/Bloomberg News

Over the past three decades, the global auto industry has gotten, well, more global. Manufacturers built scores of factories outside their home countries to reduce exposure to currency swings, take advantage of cheaper labor and manufacture cars closer to buyers.

Elisabeth Behrmann | Bloomberg News
June 22, 2018
Government, Business, Logistics

US Firms Weigh Higher Freight Bills Now Against Paying Tariffs Later

Tractor-trailer trucks move cargo in shipping containers out of the Port of Savannah in Savannah, Ga. (AP Photo/Stephen B. Morton)

New tariffs on imports from China may leave American companies with a choice — pay a higher freight bill now or pay the tariffs starting soon.

David Koenig | Associated Press
June 21, 2018

US Growth ‘Close to a Peak’ as Trade Spat, Housing Pose Risks

Craig Warga/Bloomberg News;

The U.S. economy is booming this quarter as tax cuts power consumers and businesses. Yet risks are mounting that the high will be short-lived.

Shobhana Chandra | Bloomberg News
June 20, 2018