Government

The United States and China are close to a trade deal that could lift most or all U.S. tariffs as long as Beijing follows through on pledges ranging from better protecting intellectual-property rights to buying a significant amount of American products, two people familiar with the discussions said.

Dana Inc. announced it has completed the acquisition of the drive systems segment of the Oerlikon Group, including the Graziano and Fairfield brands, to expand the company’s capabilities in electrification and its manufacturing presence in key growth markets.

WASHINGTON — U.S. consumer spending tumbled 0.5% in December, the biggest decline in nine years, as the holiday shopping season ended in disappointment. Meanwhile, incomes rose sharply in December but edged down in January.

BALTIMORE — American manufacturers expanded at a slower rate in February, as the pace of new orders, production and employment each slipped.

American Trucking Associations has strongly praised the introduction in the 116th Congress of a bill designed to facilitate interstate driving for truckers younger than 21.

Freight industry officials and economists are expressing optimism about the trucking and logistics business now that trade negotiations between the United States and China could result in an agreement, preventing another increase in tariffs.

Democrats on the transportation authorizing committees are angling to incorporate climate resilience provisions into infrastructure policy legislation they plan to craft sometime this year, despite unwavering opposition from top Republicans.

California environmental regulators are working on a plan to speed up the deployment of electric medium- and heavy-duty trucks operating on the state’s streets and highways.

The country’s environmental regulatory agency has a new boss.