Morning Minute | May 9, 2025

The California Air Resources Board (CARB) will now be required to present a proposal to repeal the high-priority fleets and drayage requirements of the ACF. A public hearing on this proposal needs to be held before October 31st. Regarding potential tariff changes, reports suggest the Trump administration may cut tariffs on China imports from a current broad rate of 145% to as low as 50%. While the White House has dismissed this as conjecture, Treasury Secretary Scott Bessent is scheduled to meet with Chinese officials for trade talks soon. Details of the UK trade deal indicate increased access for agricultural products, chemicals, machinery, and other goods from both countries. The agreement, which still requires Congressional approval, maintains a baseline 10% U.S. tariff on most goods from the UK but includes specific provisions for items like steel, aluminum, beef, and auto imports. Learn more about your ad choices. Visit megaphone.fm/adchoices