Author: Bloomberg News

Importers rushing to ship Chinese goods to the U.S. using a short reprieve from paralyzing tariffs could provide a much-needed boost to global freighters including Maersk and Cosco.

It may only be a 90-day reprieve from the steepest of President Donald Trump’s China tariffs, but it’s enough time to entice companies to restart factory operations and start shipping.

A spokesperson for Stellantis said no decision has been made and the timing for nominating the new CEO is unchanged. Filosa didn’t respond to a request for comment.

Bloomberg reported that Shell is working with advisers to evaluate a potential acquisition of BP, its U.K. rival.

OPEC+ agreed to surge output again in June, as the group’s leaders continue an accelerated revival of supply aimed at punishing over-producing members that has sent crude prices plunging.

Archer-Daniels-Midland Co. is cutting jobs at its global commodity desk after a probe into its accounting practices wiped out billions from the agriculture giant’s value, according to sources.

Since the U.S. raised levies on China to 145% in early April, cargo shipments have plummeted. That drastic reduction in goods hasn’t been felt by many Americans yet, but that’s about to change.

President Donald Trump said he plans to be “very nice” to China in any trade talks and that tariffs will drop if the countries can reach a deal, a sign he may be backing down from his tough stance.

The Trump administration took steps to impose levies on Chinese vessels docking at U.S. ports, threatening to shake up global shipping routes and escalate the trade war.

The operator of the Keystone oil pipeline brought the conduit back into service, putting an end to a weeklong outage caused by an estimated 3,500-barrel spill in rural North Dakota.