July 14: President Trump announced over the weekend that a 30% tariff will be imposed on imports from the European Union and Mexico starting Friday, August 1. The new tariffs would replace existing 10% baseline tariffs on most European Union goods and the 25% tariff on non-U.S.-Mexico-Canada Agreement (USMCA) compliant Mexican goods. It’s not certain whether Mexico’s USMCA-compliant goods will continue to be exempt.

The United States ramps up metal tariffs while trading partners push to negotiate deals.

The U.S. trucking market is grappling with a two-year down period while global container prices spike due to ongoing U.S.-China trade talks.