The EU's tariffs will target products such as soybeans, diamonds, poultry and motorcycles. (Luke Sharrett/Bloomberg) The European Union approved tariffs to hit around 21 billion euros ($23.2 billion) of U.S. goods in retaliation for the 25% duties President Donald Trump imposed last month on the bloc’s steel and aluminum exports. A majority of the EU’s ...more

Talks at the IMO in London. (Bloomberg) The U.S. abandoned global talks aimed at cutting shipping’s carbon emissions and threatened to reciprocate against any fees that the country’s merchant fleet incurs if such an initiative proceeds. The U.N.’s shipping agency, the International Maritime Organization, is meeting in London this week with a goal of agreeing ...more

Trucks line up to depart from a container terminal in Nanjing in east China's Jiangsu province on April 8. (Chinatopix Via AP) BANGKOK — China again vowed to “fight to the end” April 9 in an escalating trade war with the U.S. as it announced it would raise tariffs on American goods to 84% from ...more

The federal Ronald Reagan Building and International Trade Center is a prime downtown D.C. real estate location blocks away from the White House. (General Services Administration) Under its Administrator Lee Zeldin, the Environmental Protection Agency will reduce its Washington footprint and save $18 million by consolidating office space among its cluster of headquarters buildings. “EPA ...more

Spools of steel at an ArcelorMittal Dofasco facility in Hamilton, Ontario. (Christopher Katsarov Luna/Bloomberg News) President Donald Trump’s sudden change to tariff policy on April 9 won’t affect the rates that currently apply to Canadian and Mexican products, according to a White House official. Canada and Mexico were left off the list of countries affected ...more

China’s stance on the America First president has gone from optimism around the time of his inauguration, to frustration, to fight mode. (cbarnesphotography/Getty Images) Janet Yellen stepped to the podium a year ago this week in Beijing to deliver a reassuring message. The U.S. doesn’t want to decouple from China, the then-Treasury secretary said. “Our ...more

The facility is 140,000 square feet, has 19 dock doors and includes more than 20,000 pallet positions. (Vertical Cold Storage) Distribution center developer and operator Vertical Cold Storage purchased Arctic Logistics’ Canton, Mich., facility for an undisclosed sum at the start of April. The facility is 140,000 square feet, has 19 dock doors and includes ...more

President Donald Trump announces new tariffs on April 2. (Mark Schiefelbein/AP) WASHINGTON — Facing a global market meltdown, President Donald Trump on April 9 abruptly backed down on his tariffs on most nations for 90 days, but raised his tax rate on Chinese imports to 125%. It was seemingly an attempt to narrow what had ...more

(Thyssenkrupp ) Thyssenkrupp AG is exploring exit options for its materials trading unit that could be valued at as much as 2 billion euros ($2.2 billion) in a deal, people familiar with the matter said, as the sprawling industrial conglomerate looks to streamline operations. The company has held talks with potential advisers as it seeks ...more

A sign points to a truck parking facility in Ohio. (Lauren Borell/Ohio Department of Transportation) Ohio Gov. Mike DeWine signed a transportation bill allocating a two-year, $11 billion budget, including funds championed by the state trucking association, for new truck parking spaces. “Transportation is vital to our state’s economy. It connects Ohioans to jobs, education, ...more