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CNH Industrial & Fargo Union Reach Contract Agreement

A strike at CNH Industrial's Fargo, N.D., plant has been averted, according to a May 4 report from KFGO. The contract was ratified the morning of May 4.

A portion of the report read:

Union Business Agent Jeremy Pearson told KFGO News, the contract contains significant improvements over the company’s original offer. Most notably, Pearson said the union will keep its healthcare insurance plan. He said the company had proposed replacing it with a self-insurance program.

Members covered under the contract had rejected CNH Industrial's initial offering.

A press release from the union said the contract includes "improved wages, the retention of health care benefits, pension benefits and other improvements including time off to maintain a work life balance."

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Canada reaches tariff deal with China on canola, electric vehicles

Video: Canada reaches tariff deal with China on canola, electric vehicles

Canada has reached a deal with China to increase the limit of imports of Chinese electric vehicles (EVs) in exchange for Beijing dropping tariffs on agricultural products, such as canola, Prime Minister Mark Carney said on Friday.

The tariffs on canola are dropping to 15 per cent starting on March 1. In exchange for dropping duties on agricultural products, Carney is allowing 49,000 Chinese EVs to be exported to Canada.

Carney described it as a “preliminary but landmark” agreement to remove trade barriers and reduce tariffs, part of a broader strategic partnership with China.