GovernmentTrade

U.S. Launches Trade Probe Into China’s Fulfillment of 2020 Agreement

The United States is preparing to investigate China’s adherence to the 2020 trade agreement amid reports of unfulfilled purchase commitments. This probe could escalate trade tensions and introduce additional tariffs as leaders prepare to meet.

U.S. Initiates Trade Compliance Investigation

The Trump administration is preparing to file a formal trade investigation into China’s implementation of the 2020 trade agreement, according to sources familiar with the matter. The probe, which could be announced as early as Friday, represents a significant escalation in trade tensions between the world’s two largest economies and comes just ahead of a scheduled meeting between President Donald Trump and Chinese leader Xi Jinping.

Energy PolicyGovernment Operations

Federal Appeals Court Maintains Block on Illinois National Guard Deployment Amid Legal Challenge

A federal appeals court has declined to lift a temporary restraining order blocking National Guard deployment in Illinois. The ruling maintains the status quo while courts consider whether immigration protests justify military intervention under federal authority.

Appeals Court Denies Emergency Deployment Request

A federal appeals court has rejected the Trump administration’s emergency request to allow National Guard deployment in Illinois while it considers the constitutional questions surrounding domestic military use, according to reports from Reuters. The decision maintains a temporary restraining order originally issued by U.S. District Judge April Perry in Chicago on October 9.

Business Acquisition

Fastenal Q3 2025 Earnings Analysis: Strong Sales Growth Despite Earnings Miss

Fastenal delivered robust third-quarter performance with double-digit sales and profit increases, though earnings narrowly missed analyst expectations. The industrial distributor saw particular strength in manufacturing segments and safety products despite sluggish industrial production.

Industrial distributor Fastenal Company demonstrated strong operational performance in the third quarter of 2025, posting double-digit growth across key financial metrics while navigating challenging market conditions. The Minnesota-based company, ranked No. 4 on ID’s 2025 Big 50 list, reported substantial sales increases and profit growth, though its earnings per share fell slightly short of Wall Street expectations.

Third Quarter Financial Performance Highlights