July 16, 2026 10:29 am, EDT Containers at the port of Suape in Ipojuca, Brazil. (Mara Ehrlich/Bloomberg) key takeaways: The US will impose 25% tariffs on imports from Brazil from July 22 after the country found Brazil involved in unfair trade practices. The tariffs are imposed under Section 301 and exempt products including coffee, beef,
July 16, 2026 11:43 am, EDT Vehicles move on the highway in Cincinnati. (Joshua A. Bickel/AP/File) key takeaways: A University of Minnesota study found that obeying speed limits could save American drivers millions of dollars, 6.7 million gallons of fuel and 57,000 metric tons of CO2 per day. Researchers analyzed 120 million trips and found
July 16, 2026 12:22 pm, EDT Intermodal segment revenue increased 22% to $1.75 billion from $1.44 billion. Operating income increased 58% to $150.9 million from $95.8 million. (Luke Sherratt/Bloomberg) key takeaways: J.B. Hunt executives said the freight market is increasingly tightening due to regulatory enforcement on July 15 as the company reported strong second-quarter earnings
July 16, 2026 12:40 PM, EDT President Donald Trump announced the new tariffs at the White House on April 2, 2025. (Mark Schiefelbein/AP) key takeaways: The Trump administration is in a race to replace the global 10% tariff imposed under Section 122 before it expires on July 24 after the Supreme Court struck down broad
July 16, 2026 12:46 pm, EDT “The impact of these dollars will be felt in communities across the country for years to come,” Duffy said. (Aaron Schwartz/CNP/Bloomberg) key takeaways: Transportation Secretary Sean Duffy on July 7 announced $62 million for truck parking projects in five states within $1.73 billion in federal infrastructure grants. Industry leaders,
July 16, 2026 2:20 pm, EDT key takeaways: Honda Motor Co. is discontinuing sales of its electric vehicles in the US, the latest withdrawal by a major automaker in response to low demand in the market. The Japanese carmaker informed US dealers on July 16 that production would cease later The move reflects weak EV
July 16, 2026 at 3:00 pm, EDT Signage outside Chevron headquarters in Houston. (Mark Felix/Bloomberg) key takeaways: Chevron expects to sign a non-binding agreement with Iraq on July 17 that will advance negotiations on a pipeline bypassing West Qurna-2, Nasiriyah and the Strait of Hormuz. The Hormuz disruption forced Iraq to cut oil production by
July 16, 2026 6:00 pm, EDT A helicopter flies over the flooded Guadalupe River in Kerrville, Texas, on July 16. (Joel Angel Juarez/Associated Press) key takeaways: Mandatory evacuations are underway across the Texas Hill Country as flash flooding destroys roads and bridges, with one person reported dead during a rescue operation. An additional 8 inches
July 16, 2026 4:30 PM, EDT The Tesla logo is displayed at a dealership in Miami. (Lynn Sladky/Associated Press, File) key takeaways: A driver slammed down the accelerator, overriding Tesla’s self-driving software and crashing into a Katy, Texas home, killing a woman, the NTSB said. The driver had told the police that he had turned
July 16, 2026 4:00 pm, EDT The new deal will direct 50% of the operating profits from the new Gordie Howe International Bridge to a US-run regional development fund for 15 years. key takeaways: Canadian Prime Minister Mark Carney defended sharing 50% of the Gordie Howe Bridge’s operating profits with a US-run fund for 15