Current forecasts indicate a significant escalation in tariff levels, potentially rising to an imposing 75% on Mexican goods by September 2026, aligning with a strategic pivot toward a protectionist trade policy.
Blanket tariffs, like any other tax, may include certain exemptions. It is these exemptions — not the tariffs themselves — that are the real tool.
For months now, it has been clear that shippers have frontloaded record imports to the country, largely to avoid expected tariffs.
The US trade balance is a representation of the value of imports subtracted from exports.
FreightWaves’ maritime Market Expert Henry Byers provides insight regarding the Phase One trade deal between the United States and China.
Panasonic is lending its vehicle connectivity and monitoring solution to a last-mile electric vehicle produced by Tropos Motors. Also, vote nears on Connecticut tolls and group seeks to defund FMCSA.
There are plenty of conflicting data points on the direction of the economy, which might suggest that everything may be just fine in the near term.
The U.S. trade deficit in goods widened to a record in December 2018 as a sizeable decline in goods exports was paired with a jump in goods imports. This reversed the decline in the deficit from the previous month, and the drop in goods exports sent yearly growth into negative territory for the first time in over two years.
The Congressional Budget Office reveals latest stats on the diminishing Highway Trust Fund as Congress plans to consider new ways to pay for highway infrastructure.
It seemed like the stuff of posturing and hot air. It was hard to see anything substantive changing from the weekend meetings of the G20 nations in Argentina. Will something more than kicking-the-can come from the concessions?
The size of the US goods trade deficit with the rest of the world increased again in October, as a large decline in exports and a small gain in imports pushed the deficit near record levels. The total value of traded goods fell slightly during the month but is still considerably higher than at this point last year despite significant changes to trade policy.
The US trade deficit in goods widened for the third consecutive month in August as another decline exports was paired with a modest increase in imports. The total value of traded volume fell for the month, but remains generally strong relative to last year.
The US trade deficit in goods narrowed for the second consecutive month, but a decline in both exports and imports means less transportation to and from ports
The goods trade deficit narrowed for the first time in seven months, but total trade going in and out of the US actually declined.
The trade deficit in goods widened for the sixth consecutive month in February. Total goods trade volume was up however, which bodes well for transportation and freight markets
The trade deficit widened in January, and the prospects of a trade war have clouded the outlook for transportation both in and out of the country
U.S. Transportation Secretary Elaine Chao is expected to unveil self-driving vehicle guidelines next weekat an event in Ann Arbor, Michigan, Reuters reported.
Are you ready for electric vehicles? A new report from Bloomberg New Energy Finance (BNEF) says that electric vehicle (EV) sales will account for 33% of all light-duty vehicles on the road by 2040.
