Transportation Compliance News

Under the OECD's prolonged disruption scenario, global growth slows from 3.4% last year to 2.1% this year and 1.8% in 2027, potentially pushing some economies into recession.

The report by the U.S. Trade Representative said Canada, Mexico, Taiwan, the U.K. and some other countries would face 10% additional tariffs for allegedly failing to enforce a forced labor import ban.

Following a two-week retreat, oil prices have climbed 10% this week. Brent crude oil, the international standard, climbed 2.1%  to $97.98 per barrel on June 3.

The ITC finalized the duties after an investigation prompted by a February 2025 petition from a coalition led by Stoughton Trailers and Cheetah Chassis.

Trucking firms can offset high fuel prices with biodiesel as production of the biofuel rebounds after Renewable Fuel Standard volume requirements were finalized.

The Trump administration said that it intended to appeal a federal judge’s order to allow all companies that paid the invalidated duties to seek refunds, not just the ones that filed lawsuits.

Brent crude, the international standard, slipped 0.1% to $94.96 a barrel. The levels are still well above the roughly $70 level they were at before the war.

Aluminum availability is under pressure as the U.S. struggles to resolve its war with Iran, while copper traders are bracing for a tariff decision.

The EU is under a tight deadline to implement the trade pact, as Trump has vowed to hit the bloc with new levies if it doesn’t approve the agreement by July 4. 

Under a proclamation issued late June 1, those import taxes would drop to 15% from 25%. The changes take effect June 8 and would run through the end of 2027.