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Trump tariffs live updates: Trump says pharma tariffs could go to 250%, US tensions with India escalate President Trump on Tuesday said he would announce tariffs on semiconductor and pharmaceutical imports "within the next week or so," as he prepares to add more sectoral duties to his mix of tariffs. "We'll be putting a initially small tariff on pharmaceuticals, but in one year — one and a half years, maximum — it's going to go to 150%. And then it’s going to go to 250%, becaus …

June 2025 Update: The Impact of US Tariffs of 50% on Steel and Aluminum Right now, the tariffs on steel and aluminum imports into the US have doubled to 50% for all countries except the UK. The tariffs, which took effect on June 4, include derivative products that contain a proportion of those metals. BCG estimates that the new tariffs will add $50 billion in tariff costs, doubling the estimated impact of the 25% tariffs introduced in March. The tariffs are applied under Section 232 of the Tra …

Tariff Trouble: Why Automotive Lift Parts Are About to Get More Expensive If you’re in the automotive repair business, you may have already noticed the rising costs of equipment and replacement parts. One of the biggest drivers behind these increases? Tariffs—specifically, new and existing tariffs between the United States and Canada that are directly affecting the price of steel, aluminum, and automotive lift components. A New Wave of Tariffs starting April 2nd 2025 The Canadian and …

Old Dominion ups ante with $1.5B bid on Yellow’s terminalsLTL carrier’s offer exceeds previous $1.3B Estes bidTodd Maiden Saturday, August 19, 2023Less-than-truckload carrier Old Dominion Freight Line entered a $1.5 billion bid for Yellow Corp.’s terminals, according to a Friday filing in a Delaware bankruptcy court. The new offer exceeds the $1.3 billion bid from LTL peer Estes Express Lines, which was revealed at a Thursday status update.The offer for the 166-terminal portfolio is a stalking …

Yellow fallout apparent in Saia’s August numbersLTL carrier reports 13% y/y jump in shipmentsLess-than-truckload freight flows continue to be redistributed following the shutdown of carrier Yellow Corp. Saia Inc. said Tuesday after the market closed that shipments per day were up 13% year over year (y/y) through the first two weeks of August.The update followed a 6% y/y increase in shipments during July, the first month in which Yellow’s (NASDAQ: YELL) troubles resulted in a material diversion o …