Transport Topics
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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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U.S. hiring topped forecasts in June while unemployment rose from an 18-year low and wage gains unexpectedly slowed, indicating the labor market has room to keep expanding.
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