July 28: The United States and the European Union agreed to a 15% tariff deal effective Friday, August 1. The 15% deal, down from the announced 30%, includes automobiles. The 50% tariff on aluminum and steel imports remains in place, but, European Commission President Ursula von der Leyen said that could be subject to change on a later date.

Tariffs intensify as the Federal Reserve continues to hold rates and the trucking market slows.

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