President Donald Trump talks to workers as he tours U.S. Steel Corp.'s Mon Valley Works-Irvin Plant in West Mifflin, Pa., on May 30. (Julia Demaree Nikhinson/Associated Press)) WEST MIFFLIN, Pa. — President Donald Trump on May 30 told Pennsylvania steelworkers he’s doubling the tariff on steel imports to 50% to protect their industry, a dramatic ...more
(Hauke-Christian Dittrich/dpa/TNS) WOLFSBURG, Germany — Volkswagen is offering to make large-scale investments in the United States to ward off high tariffs on its imported vehicles, according to chief executive Oliver Blume. “The Volkswagen group aims to invest more in the U.S.,” Blume told Germany’s Süddeutsche Zeitung daily in remarks published on May 30. VW already ...more
Top row from left: Mondelez's products Nutter Butter, Chips Ahoy! and Oreo cookies. Bottom row from left: Aldi’s products Peanut Butter Creme, Chocolate Chip Cookies and Original Chocolate Sandwich Cookies with Vanilla Filing. (AP Photos/Nam Y. Huh) Snack food maker Mondelez International is suing the Aldi supermarket chain, alleging the packaging for Aldi’s store-brand cookies ...more
The U.S. Steel Corp. Edgar Thomson Works steel mill in Braddock, Pa. (Justin Merriman/Bloomberg) HARRISBURG, Pa. — President Donald Trump is holding a rally in Pennsylvania on May 30 to celebrate a details-to-come deal for Japan-based Nippon Steel to invest in U.S. Steel, which he says will keep the iconic American steelmaker under U.S. control. ...more
(cbarnesphotography/Getty Images) President Donald Trump said he expected to speak to Chinese President Xi Jinping after accusing China of violating an agreement with the U.S. to ease tariffs, ratcheting up tensions between the world’s two largest economies. “They violated a big part of the agreement we made,” Trump told reporters in the Oval Office. “But I’m ...more
Shoppers at a store in the Brooklyn borough of New York. (Michael Nagle/Bloomberg) WASHINGTON — A key U.S. inflation gauge slowed last month as President Donald Trump’s tariffs have yet to noticeably push up prices, while American incomes jumped. The May 30 report from the Commerce Department showed that consumer prices rose just 2.1% in ...more
A tugboat assists a containership to its berth at the Port of Long Beach. (Tim Rue/Bloomberg News) The ceasefire in the tariff fight between the world’s two largest economies is encouraging trade across the Pacific, holding up freight prices three weeks on, even as container bookings have begun to slow. Thanks to the reprieve, which ...more
A tugboat assists a containership to its berth at the Port of Long Beach. (Tim Rue/Bloomberg News) The ceasefire in the tariff fight between the world’s two largest economies is encouraging trade across the Pacific, holding up freight prices three weeks on, even as container bookings have begun to slow. Thanks to the reprieve, which ...more
A tractor-trailer traveling into the United States at the Canada-U.S. border in St-Bernard-de-Lacolle, Quebec. (Graham Hughes/Bloomberg News) Mayors in states that border Canada are calling for an end to President Donald Trump’s trade war with the country, saying it has harmed businesses and workers in their communities and upended one of the world’s most successful ...more
DOT said that in total, the deregulatory package will rescind, withdraw or amend burdensome regulations that do not enhance safety. (Wyoming Department of Transportation) The Department of Transportation has proposed slashing or amending about two dozen federal trucking regulations — many of them relatively minor — but others thought to be outdated or imposing a ...more
