Transport Topics
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Negotiations were scheduled to resume between UPS Inc. and the International Brotherhood of Teamsters after they reached a tentative five-year labor agreement last month covering 250,000 drivers, loaders, package sorters, dockworkers and operations team members.
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Scott Pruitt has resigned as administrator of the Environmental Protection Agency after a deluge of damaging revelations about his spending, travel and a condo rental that prompted Republican lawmakers to distance themselves and question his continued effectiveness.
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President Donald Trump has said that something needs to be done to even what he views as a global trade imbalance between the United States and other countries. And that “something” is steep tariffs on steel and aluminum, goods made in China and cars imported from Europe and Asia. Even Canada, America’s largest trade partner, has become a target of Trump’s tariff threats.
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The U.S. trade deficit narrowed in May to its smallest since October 2016 on a jump in exports of soybeans and aircraft amid the threat of retaliatory tariffs.
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