Truck News

American Trucking Associations is warning the Trump administration about possible weaknesses in the oversight of military freight transportation.

Canada canceled planned tariffs on about C$1.1 billion of American fish and seafood products, a break for Maine and Alaska, both major fish exporters.

Lean beef trimmings will be temporarily exempted from a higher tariff rate if they exceed a pre-set quota. The duty relief will last for 90 days, and is limited to 100,000 tons per month.

Other new items facing a 50% levy include certain glass containers, printed pictures and plaster tiles from the U.S.

Merchandise imports climbed 3.7%. The advance was fueled by the largest increase in capital goods — a category that includes computers and accessories, semiconductors and telecommunications equipment — since 1993. 

Oil prices are steady as talks between Iran and Oman on increasing energy flows in the Strait of Hormuz helped ease prices this week. Brent crude, the international standard, climbed 0.4% to $87.32 per barrel.

The two economies remain intertwined, and much could be at stake if Trump’s trade war reaches more of the energy, materials and supply chains that the U.S. still relies on Canada to provide.

As the shape of the war has morphed over the past half year, so, too, have the goals. One of the prime goals now — reopening the Strait of Hormuz — was not one of Trump's original objectives. 

About 6 million to 8 million barrels a day of crude are now being shipped through the world’s key oil chokepoint, according to estimates from oil traders involved in and monitoring cargo activity.

U.S. Trade Representative Jamieson Greer said he was clear that medium- and heavy-duty trucks would be excluded from tariff relief, as officials sparred over which side was responsible for the failure of the talks.