New York City’s congestion pricing raised about $52 million in toll revenue in February as President Donald Trump and Gov. Kathy Hochul remain in a standoff over his bid to end the program.
Author: Bloomberg News
Hyundai Plans $20 Billion US Investment
President Donald Trump will tout plans by Hyundai to invest $20 billion in the U.S., as the South Korean automaker moves to boost production on American soil and avoid his tariff threats.
Trump Hails Hyundai’s US Expansion as Tariff Vindication
President Donald Trump lauded plans by Hyundai to expand in the U.S., casting it as a vindication of his use of tariffs to pressure foreign manufacturers to create American jobs.
US Levies on Chinese Ships Risk ‘Trade Apocalypse’
A proposal from the U.S. would put million-dollar levies on Chinese ships docking in the U.S. It’s aimed at curbing China’s dominance of shipbuilding, logistics and maritime industry.
China Cuts Back on Small Packages Shipped to US
Chinese companies cut back on the small packages they shipped to the U.S. last month, as President Donald Trump looks to close off the trade and impose tariffs on all imports from China.
Brookfield Leads Race to Acquire Colonial Pipeline
The investment firm is seen as the strongest contender after final offers were submitted the week of March 10, advancing past rival infrastructure funds and potential strategic buyers.
Trump Approves LNG Exports From Venture Global’s CP2 Project
The administration has granted Venture Global LNG conditional approval to export natural gas from a planned facility in Louisiana that had stalled under the last administration.
EU Seeks Talks With Trump Before Retaliatory Tariffs
The EU wants to engage with the U.S., Ireland’s Deputy Prime Minister Simon Harris said. “We should do that rather than having further announcements and then trying to respond.”
CATL, Nio Sign $346M Deal to Expand Battery-Swapping Grid
The world’s largest battery manufacturer, CATL, has agreed to invest up to $346 million in building out a battery-swapping network across China in collaboration with EV maker Nio.
Trump’s Trade Team Debates Strategy for New Tariff Rollout
President Donald Trump’s top trade negotiator is attempting to inject order into new tariffs expected next month, after previous announcements roiled markets and fueled uncertainty.