General News
Trump Speaks With Xi Amid Stalled Tariff Talks
President Donald Trump and his Chinese counterpart, Xi Jinping, have spoken amid stalled negotiations between both countries over tariffs that have roiled global trade.
Walmart Pledges Transparency on Prices After Rebuke From Trump
Walmart said it will continue to communicate the impact of tariffs with investors, consumers and policymakers after President Donald Trump criticized the retailer’s plans to raise prices.
Ship Carrying EVs Abandoned in Pacific After Catching Fire
A ship carrying about 3,000 cars to Mexico was abandoned in the middle of the Pacific Ocean after catching fire June 3, highlighting a growing risk to the transportation of electric vehicles.
Mercedes, BMW, Others Step Up Response to China Export Curbs
Automakers in the U.S. and Europe raised concerns about China’s export controls on rare earth metals, as Beijing’s move threatens to disrupt global car production.
Trump Gets Tentative Win From CBO Tax and Tariff Estimates
The CBO handed Republicans a major political talking point, with projections showing the possibility for tariffs to bring in more federal revenue than would be lost by Trump's tax cut plan.
Canada Prime Minister Carney Holds Back on Tariff Retaliation
Prime Minister Mark Carney said Canada and the U.S. are in “intensive” talks about the countries’ relationship, explaining his decision not to respond yet to doubled steel and aluminum tariffs.
Fleet Margins Set to Shrink Again in 2025, CSCMP Finds
Tariffs introduced by the Trump administration, and the consequent aversion to risk, are a major reason why there is no clear trajectory for recovery, the study’s authors warned.
Daimler Truck Financial Services Selects North Carolina HQ
The financial lender for Daimler Truck North America will establish its headquarters in North Carolina with a $7.8 million investment that will add 276 jobs in Charlotte.
Mexico Will Ask US Government for Steel Tariff Exemption
Mexico will ask President Donald Trump’s administration on June 6 to be exempted from an increase in steel tariffs to 50%, the country’s economy minister said.
Senate Panel Advances Moving Industry Freight Fraud Bill
Bipartisan legislation seeking to enhance consumer protections in the moving industry was recently approved by a Senate committee.
UK Gets Reprieve on Steel Tariff
The U.K.has a new five-week deadline to finalize its trade agreement with the U.S. after President Donald Trump spared the country’s steel and aluminum exports from a doubling of tariffs.
Hiring Cools to Slowest Pace in Two Years, ADP Data Shows
Hiring decelerated to the slowest pace in two years as sectors including transportation shed jobs, pointing to a weakened demand for workers.
Trump: China’s Xi Is ‘Extremely Hard to Make a Deal With’
President Donald Trump said in a late-night social media post that Chinese leader Xi Jinping was very tough to make a deal with, raising questions about whether a fragile economic truce will hold.
US and EU Trade Negotiators Discuss Tariffs in Paris
Europe and the United States are meeting in Paris to negotiate a settlement of a tense tariff spat with global economic ramifications between two global economic powerhouses.
Maverick Raises Pay for Glass Division Drivers
Maverick Transportation increased pay for drivers in its glass over-the-road driving division, the company announced June 2.
Costco Defies Tariff Shifts With Higher Profit, Lower Prices
Costco posted better-than-expected earnings in its 2025 Q3, a sign that the nation’s largest club chain is flexing its scale and devoted following to navigate tariffs and economic turbulence.
Two Colleges Launch CDL Training to Open Trucking Careers
A pair of community colleges are offering commercial driver license training in California and Louisiana to introduce students to professional truck driving careers.
Trump to Sign Order Hiking Steel, Aluminum Tariffs to 50%
President Donald Trump will sign a directive June 3 formally raising steel and aluminum tariffs to 50% from 25%, White House Press Secretary Karoline Leavitt announced.
Dollar General Posts Record Sales as Shoppers Pinch Pennies
Dollar General set a quarterly sales record of $10.44 billion and upgraded its annual profit and sales outlook as Americans tighten their budgets and spend more at bargain stores.
Site Visits by Possible Nikola Asset Buyers Start This Week
Site visits are set to start for potential buyers of Nikola’s remaining assets in the coming days, said Vince Lorenz, Nations Capital director of fleet and valuations.