In response to a crackdown in federal enforcement, more states are opting out of the voluntary programs. For many, compliance requires significant changes.

The leadership change injects a measure of uncertainty at Rivian as the company works to accelerate deliveries of its new, lower-cost line of vehicles.

Cargo shipments through the largest U.S. seaports exhibited signs of summertime strength amid uneven volume and tightening capacity, experts said.

Mubadala Capital is a subsidiary of Mubadala Investment, one of the sovereign wealth funds of the government of Abu Dhabi. The price tag was not disclosed.

Chevron is negotiating to add two new oil fields to its operations in Venezuela, according to people familiar with the matter, Bloomberg reports.

U.S. allies, however, have privately warned that the strait, a key thoroughfare for Middle East oil, natural gas and fertilizer, was still likely mined.

Kevin Warsh acknowledged that recent inflation reports show it has cooled a bit, but “they do not tell me that underlying trends have meaningfully improved.”

The Generation 6 engines meet Environmental Protection Agency 2027 nitrogen oxide emissions rules scheduled to become effective Jan. 1.

Aramco is now selling its heavier grades by moving them through Hormuz. Other Persian Gulf nations including Iraq and Qatar have also increased crude exports.

Taking a stake in Venezuela’s oil reserves would mark an almost unprecedented intervention by the U.S. in another country’s economy.

The price for a barrel of Brent crude, the international standard, rose 0.2% on Aug. 28 to $88.68. Oil prices have been a wild card for inflation.

Nike said it hired Jane Ewing from Walmart to become the sportswear company’s chief commercial officer.

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. 

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.