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.

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.