China has signaled that it plans to retaliate against any new EU tariffs with a 25% tax of its own on cars imported from Europe.

Prime Minister Justin Trudeau and other Canadian officials have said they are monitoring the American tariff policy, but have not committed to following suit.

Exports of clothing and footwear from the U.K. to the EU have dipped from £7.4 billion ($9.4 billion) in 2019 to £2.7 billion in 2023.

The sale will include the addition of 15,000 carriers for NFI Industries, while Transfix says it will keep just over 100 of its roughly 350 employees.

Typically, the U.S. will allow shipments valued under $800 — known officially as Type 86 entries — to be imported without tax or duty payments.

The Canada Border Services Agency — made up of over 9,000 border workers — previously set a June 6 deadline to reach a collective bargaining agreement.

This is the second time in about a month Maersk raised its forecast as the world’s supply lines are suffering from a number of disruptions.

As of May 26 — and for the first time in all of 2024 — water levels for Gatun and Alhajuela Lakes are above the mark recorded on the same date in 2023. 

A new report from Capgemini suggests that, for U.S. manufacturers, the dominance of offshore production is coming to an end.

With capacity stretched by more than five months of attacks on vessels in the Red Sea, the container shipping industry is scrambling to meet demand.