(David Paul Morris/Bloomberg News) U.K. car manufacturers can export to the U.S. under a 10% tariff starting June 30, a reduction from the 25% rate imposed by Donald Trump on other countries, as the first elements of an economic agreement between the U.S. president and Prime Minister Keir Starmer come into effect. British aerospace companies ...more
Mark Carney shakes hands with Donald Trump during an arrival ceremony during the Group of Seven Summit in Kananaskis, Alberta, on June 16. (Ludovic Marin/AFP/Getty Images) TORONTO — Canadian Prime Minister Mark Carney said late June 29 that trade talks with U.S. have resumed after Canada rescinded its plan to tax U.S. technology firms. U.S. ...more
(Fox News via X) WASHINGTON — President Donald Trump says he is not planning to extend a 90-day pause on tariffs on most nations beyond July 9, when the negotiating period he set would expire, and his administration will notify countries that the trade penalties will take effect unless there are deals with the United ...more
(Jeff Chiu/Associated Press) Home Depot Inc. has agreed to acquire specialty building products distributor GMS Inc. for $4.3 billion, its latest effort to grab more spending from professional contractors. The home improvement retailer’s subsidiary SRS Distribution Inc. will purchase the distributor of building products such as drywall, ceilings and other products. The deal values GMS ...more
Continental's headquarters in Hanover, Germany. Continental Automotive is being spun off and renamed Aumovio in September. (Continental AG) Auto parts maker Continental Automotive is considering a $45 million expansion of its New Braunfels, Texas, manufacturing facility. New Braunfels is a city located just to the northeast of San Antonio. According to a recent filing with ...more
Continental's headquarters in Hanover, Germany. Continental Automotive is being spun off and renamed Aumovio in September. (Continental AG) Auto parts maker Continental Automotive is considering a $45 million expansion of its New Braunfels, Texas, manufacturing facility. New Braunfels is a city located just to the northeast of San Antonio. According to a recent filing with ...more
(DHL Group) DHL Supply Chain has signed a long-term contract to advance sustainable battery recycling with Fortum Battery Recycling, the company announced June 25. Fortum develops processes to efficiently recover valuable raw materials from used batteries to drive a circular electromobility economy. DHL Supply Chain will utilize this expertise as part of the agreement while ...more
XPO's Carlisle, Pa., facility sits on a 121-acre site and has 281 doors. (XPO) XPO officially opened the less-than-truckload-focused carrier’s largest service centers by door number and footprint over the past couple of weeks. Greenwich, Conn.-based XPO ranks No. 5 on the Transport Topics Top 100 list of the largest for-hire carriers in North America ...more
A farmer harvests rice in a field in Tambasasayama, Japan. (Buddhika Weerasinghe/Bloomberg News) President Donald Trump threatened to impose a fresh tariff level on Japan, citing what he said was the country’s unwillingness to accept rice exports from the U.S. “They won’t take our RICE, and yet they have a massive rice shortage,” Trump posted ...more
European Union flags at the European Commission in Brussels. (Mlenny/Getty Images) The European Union is willing to accept a trade arrangement with the U.S. that includes a 10% universal tariff on many of the bloc’s exports, but wants the U.S. to commit to lower rates on key sectors such as pharmaceuticals, alcohol, semiconductors and commercial ...more
