Trump and Xi Ease Tension With Truce on Tariffs, Rare Earths: TT Daily

To view this e-mail as a web page, click here. | To listen to today’s top stories, click here. | To Get The TT App, click here.

October 30, 2025

Sponsored By:
Clean Energy

Trump and Xi Ease Tension With Truce on Tariffs, Rare Earths

The U.S. will also halve fentanyl-related tariffs on Chinese goods, while Beijing resumes purchases of soybeans and other American agricultural products. Read more…

TODAY’S NEWS

GOVERNMENT

US, China to Suspend Reciprocal Port Fees for a Year

International shipping has been roiled by retaliatory port charges levied by the U.S. and China on each others’ ships in recent months, a move that pushed up freight costs. Read more…

SAFETY

Trucking Combats Soaring Nuclear Verdicts and Insurance Costs

The trucking industry has been facing surging unfavorable verdicts and insurance costs as biases and policies drive up costs beyond economic reality, according to a panel of experts. Read more…

SPONSORED CONTENT

Truck-Lite’s 1.25” Marker & Clearance Light – Built for Performance. Designed for Ease.

Introducing the new 34 Series LED Marker & Clearance Light– a next-generation upgrade for the specialty trailer market. With a sleek, modern design and enhanced light output, this 1.25” round light delivers unmatched visibility while simplifying installation. Read more…

BUSINESS

ODFL Focuses on Costs to Limit Q3 Profit Hit in Weak Market

The company posted a $271 million profit in Q3 2025, down 12.2% compared with $308.6 million last year. Revenue was $1.41 billion, a 4.3% decrease compared with $1.47 billion. Read more…

BUSINESS

International Motors Posts Q3 Loss on Sales Slump, eRH Exit

International Motors posted an operating loss in Q3 2025 as truck sales plummeted 64% year over year, and the truck and bus maker canceled plans for its eRH Series battery-electric tractor. Read more…

THIS WEEK’S CARTOON: "Truck or Treat Is Better Than Trunk or Treat!"

SPONSORED CONTENT

Get Ready for the Event of the Year in Driver Recruitment and Retention!

Attention all driver recruiting and retention professionals! The 23rd Annual Recruitment and Retention Conference returns February 25–27, 2026 — and this year, it’s bigger, bolder, and more transformative than ever. Read more…

GOVERNMENT

Trump Sees Tariff Truce With Mexico as Positive

Trump sidestepped the question of how long he felt extending the deadline was appropriate. He said existing tariff rates were sufficient to convince car companies to move manufacturing to the U.S. Read more…

BUSINESS

Global Carmakers Brace for Production Cuts on Chip Shortage

Honda said it has cut or suspended production this week at some plants in North America as a countermeasure to the chip shortage, which stems from China blocking Nexperia from exporting products. Read more…

GOVERNMENT

House Bill Seeks National English Test for Truck Drivers

Sponsored primarily by Rep. Pat Harrigan (R-N.C.), the SAFE Drivers Act is meant to guarantee commercial drivers have a proficient understanding of English. Read more…

TECHNOLOGY

ATA Leaders Cite AI’s Benefits While Parsing Out the Hype

“We hear so many things about the space of AI and what it can do. But what are the practical implications for us?" says newly installed ATA Chairman Greg Hodgen. Read more…

BUSINESS

GM Slashes EV Workforce After Trump Ends Tax Breaks

The total includes 3,400 workers that were furloughed over the summer at its Factory Zero plant in Detroit, where the electric Chevrolet Silverado, GMC Sierra and Hummer EVs are made. Read more…

GOVERNMENT

Fed Cuts Rates Again Amid Labor Market Weakness

In their post-meeting statement, Fed policymakers on Oct. 29 repeated their assessment that “job gains have slowed” and said “risks to employment rose in recent months.” Read more…

GOVERNMENT

CBO: Shutdown Has Already Cost Economy $18 Billion

GDP is already poised to be at least one percentage point lower in the fourth quarter due to the government shutdown, according to the CBO report released Oct. 29. Read more…

FUEL

Oil Giants Join OPEC in Boosting Production as Crude Tumbles

Exxon Mobil, Chevron, Shell, BP and TotalEnergies will likely grow output 4.7% in 2026. The increases appear designed to capitalize on an expected oil price upturn in the latter half of 2026. Read more…

EDITOR’S PICK

Top 100 Private Carriers Tap Brakes on Growth

The largest private carriers in North America have navigated volatile markets and shifting freight patterns this year as tariffs and trade deals shake up international supply chains. Read more…

Resource Center

Join in on conversations with industry experts about issues affecting freight transportation, from suppliers and distributors to fleets and owner-operators. Sign-up for all industry deep dive content below.