The U.S. is likely to lower tariffs on Canadian steel, aluminum and autos as part of a trade framework being devised by the nations, according to people with knowledge of the negotiations.
The WSJ's Gavin Bade and Amanda Coletta write that, although the deal hasn't been completed, the U.S. is considering a plan to lower tariffs on steel and aluminum from 50% to 25%, and decrease top-line tariffs on automobiles from 25% to 15%, the people said. They cautioned that details were still being worked out, and the terms of the deal could change before any official announcement.
The moves would come as part of a trade deal between the countries that President Trump announced on Tuesday night, less than two hours before a separate set of tariffs on Canada was scheduled to take effect early Wednesday. He said that the imposition of 50% tariffs on some $20 billion worth of Canadian goods would be paused for three days while negotiations continued.
Mexico-based GG Trailers said it plans to stop selling its container chassis in the U.S. after trade officials decided in June to impose steep duties on Mexican chassis. (Journal of Commerce)
Ocean Shipping
Hong Kong's CK Hutchison launched international arbitration proceedings against Panama, escalating a dispute over two strategically important ports that have become caught up in U.S.-China tensions, the Journal's Megan Cheah writes.
The conglomerate said it was seeking more than $1.5 billion in damages for the "destruction of the company's investments" in the country. The move intensifies a dispute that began in January, when a Panamanian court voided CK Hutchison's contracts to run two terminals at either end of the Panama Canal.
Hutchison alleged that Panama breached an investment protection treaty through a series of measures taken between 2025 and 2026, which it said resulted in the "destruction" of the concession contract for the ports of Balboa and Cristobal, located on either end of the Panama Canal, and Panama taking over these terminals.
Quotable
Drone Delivery
Amazon said it would expand its drone delivery service to nearly 500 cities and towns by the end of the year. The service, dubbed Prime Air, offers drone delivery in as little as 30 minutes, and will launch to metro areas including Chicago, Atlanta, Cleveland, Syracuse, N.Y., and Boise, Idaho.
The Prime Air service can deliver a selection of items by drone including groceries, electronics, medications and household products, Amazon said. The e-commerce giant currently operates in 11 metropolitan areas, including Phoenix, Detroit, Houston, Dallas and San Antonio.
Number of the Day
U.S. heavy-duty trailer orders in July, up 22% from June and well over double the year-earlier figure, according to FTR Transportation Intelligence.
In Other News
The Federal Trade Commission is warning retailers that they must disclose when they use highly detailed personal data to personalize a price offer. (WSJ)
U.S. commercial crude oil inventories rose by 4.4 million barrels to 428.8 million barrels last week, the third consecutive build. (WSJ)
Target once again raised its fiscal-year outlook, as the retailer's efforts to refresh its product assortment, lower some prices and rejigger its store layouts draws in more customers. (WSJ)
Lowe's lowered its 2026 expectations as persistent softness in DIY spending is expected to continue to weigh on sales and earnings. (WSJ)
T.J. Maxx parent TJX said it remains confident it can drive sales and traffic in the second half of the year, after operational missteps hurt apparel sales during the recent quarter. (WSJ)
JBS, the world's biggest meatpacker, proposed to acquire the rest of the shares of poultry producer Pilgrim's Pride that it doesn't already own. (WSJ)
Shares of Chinese humanoid-robot maker Unitree, officially called Yushu Technology, surged more than sixfold in its Shanghai trading debut, giving the startup a market value of about $53 billion. (WSJ)
Germany's Hapag-Lloyd agreed to acquire a 25% stake in a Rotterdam container terminal from Denmark's A.P. Moller-Maersk. (TradeWinds)
South Korea's government is investigating HD Hyundai Heavy Industries after two fatal crushing accidents at its shipyards last month. (Splash247)
Japan's Namura Shipbuilding plans to build a dry dock for ship construction by 2035, the first since 2017. (Nikkei Asia)
Israel's Zim Integrated Shipping, which is set to be acquired by Hapag-Lloyd, posted a second-quarter net profit of $64 million on higher freight rates and volumes. (Lloyd's List)
A South Korean containership is scheduled to start on Saturday a test run of a route to Europe via the Arctic, a voyage that requires Seoul to get Russian permits. (Reuters)
The IRS said foreign companies earning income from carrying cargo between U.S. ports under a Jones Act waiver won't be able to claim tax exclusions normally available for international shipping. (WorkBoat)
President Vladimir Putin ordered Russia's government to help online retailer Wildberries rebuild warehouses destroyed in Ukrainian drone attacks. (Financial Times)
The U.S. Court of Appeals for the D.C. Circuit denied an industry challenge to the EPA's 2024 rule designating PFAS-known as forever chemicals-as hazardous substances. (Recycling Today)
About Us
Mark R. Long is editor of WSJ Logistics Report. Reach him at mark.long@wsj.com. Follow the WSJ Logistics Report team on LinkedIn: Mark R. Long, Liz Young and Paul Berger.
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