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Global Trade & Economics: Page 70

U.S. to Impose Tariffs on Heavy Trucks, Kitchen Cabinets

The new duties threaten an industry already squeezed by tariffs on steel and aluminum imports, as well as tighter environmental regulations that have driven down demand for heavy- and medium-duty vehicles.

New haulage trucks loaded onto a train outside the Daimler AG truck factory in Woerth, Germany. Photo: Alex Kraus / Bloomberg

CBP Bans Giant Bike Imports from Taiwan Over Forced Labor Claims

Giant is the world's largest manufacturer of bikes, with products sold both by large retailers like Walmart and smaller independent shops.

Photo: iStock / 123ducu

Trump Admin Probe Could Spell New Tariffs on Machinery, Medical Supplies

As part of the probe, the DOC is calling on companies to comment on their projected demand for affected products, and the potential for foreign control or exploitation of related supply chains.

Photo: iStock.com/filistimlyanin

World Maritime Day Shines Spotlight on Safeguarding Seas

The IMO highlighted a series of recent initiatives, from the adoption of an action plan to cut marine plastic litter, to the development of a global biofouling framework to stop invasive species.

Photo: iStock / Phillip Thurston

U.S. Lowers Tariffs on EU Autos to 15%, Cementing Trade Deal Terms

The order will help to further ease tensions between Washington and Brussels, as the two sides work through implementing the details of their trade deal.

Lisbon, Portugal. Photo: iStock.com/Ivan Kyryk

Volvo to Rejig U.S. Business in Response to Tariffs, Customer Demand

The fourth vehicle announced on September 23 will be a newly designed hybrid, reflecting the popularity of that technology in the United States while avoiding tariffs.

Photo: iStock/jetcityimage

OECD Says Trade Policy Uncertainty Has Weakened the Global Economic Outlook

The international organization said that efforts to prevent further trade fragmentation should be coupled with reforms that enhance security and strengthen the resilience of supply chains

Image: iStock/greenbutterfly

Tariffs, Inflation Cast Shadow Over Holiday Shopping Season

Nearly 80% of consumers say that they plan to spend either the same or less than they did last year, with 58% flagging tariff- and inflation-driven price increase as their chief concern.

Photo: iStock / Panuwat Dangsungnoen

Nvidia to Pour $100B into Data Center Deal with OpenAI

Nvidia's investments in OpenAI will come in phases, starting with $10 billion when the agreement is made final and the first gigawatt of computing power comes online.

Photo: iStock/Andrey Semenov

FedEx Sees $1B Hit as Tariffs Upend Parcel Business

The tally is the latest to show how companies are beginning to digest the fallout from new trade barriers.

A FedEx worker unloads packages from a delivery truck in New York. Photographer: Bing Guan/Bloomberg

Trump Offers Support for Union Pacific, Norfolk Southern Deal

The proposed merger, which would create a massive single railroad company controlling shipments across the continental U.S., is currently being weighed by the U.S. Surface Transportation Board

Norfolk Southern, left, and Union Pacific Railroad freight locomotives in Burnside, Kentucky. Photographer: Luke Sharrett/Bloomberg

Survey: Inflation Pushes Online Shoppers to Tighten Budgets

Younger shoppers appear to be impacted by inflation far more than any other demographic, with half of all respondents between the ages of 18 and 29 reporting fewer overall purchases.

Photo: style-photography, iStock

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