The vessels are among the last batch of copper cargoes whose owners are betting they can clear U.S. customs just before hefty Trump administration tariffs kick in.
The volume weakness is reflected in spot rates for containers transported to the U.S. West Coast from China, which have dropped for five straight weeks.
A growing number of EU member states want the bloc to activate its most powerful trade tool, the so-called anti-coercion instrument (ACI), against the U.S.
Speculation has been growing about a large merger in the North American rail industry under the assumption that the government will be more amenable to consolidation under President Donald Trump.
The latest trade case adds new uncertainty to a U.S. solar industry hit by tariffs and moves by President Donald Trump to arrest the growth of renewables.
Alcoa’s latest toll from tariffs is about six times more than in the first quarter, when the Pittsburgh-based firm said the levies had cost it an additional $20 million.
The planned facility will be used to repair and maintain several small Philippine military watercraft and will include two interior rooms for equipment storage or conference use.
Magnet shipments from the MP Materials facility in Fort Worth, Texas are expected to begin in 2027 and ramp up to support hundreds of millions of Apple devices.