Trump Imposes 25% Tariff on Imported Heavy Trucks

President Donald Trump announced Monday that all medium- and heavy-duty trucks imported into the United States will face a 25% tariff starting November 1, intensifying his push to shield domestic manufacturers from foreign competition.

The tariffs are aimed at protecting U.S. truck makers such as Paccar-owned Peterbilt and Kenworth, and Daimler Truck’s Freightliner, which dominate the American market for commercial and vocational trucks. Trump previously cited “unfair outside competition” and national security concerns when first proposing the duties in September.

The measure will impact imports primarily from Mexico, Canada, Japan, Germany, and Finland, countries that together supply most foreign-made heavy trucks. Mexico, the largest exporter to the U.S., ships roughly 340,000 medium- and heavy-duty trucks annually, many containing U.S.-made engines and parts.

The new tariffs could also affect Stellantis, which produces Ram trucks and commercial vans in Mexico, and Volvo Group, which is building a $700 million truck plant in Monterrey. The U.S. Chamber of Commerce criticized the move, warning it could raise costs for American businesses and strain trade relations with key allies. Source: https://www.newsbreak.com