New tariffs will be applied to medium- and heavy-duty trucks and parts next month.
President Donald Trump signed a proclamation on Oct. 17 that will introduce a 25 percent tariff on imports of medium- and heavy-duty trucks. He will also implement a 25 percent levy on parts of medium- and heavy-duty trucks entering the United States.
Additionally, the proclamation imposes a 10 percent import duty on buses.
These tariff rates will take effect on Nov. 1.
Last month, the president unveiled a new round of tariffs to protect U.S. large truck manufacturers from “unfair outside competition.”
“Our great large truck company manufacturers, such as Peterbilt, Kenworth, Freightliner, Mack Trucks, and others, will be protected from the onslaught of outside interruptions,” Trump said in a series of Truth Social posts on Sept. 25….
Trump Imposes 25 Percent Tariffs on Imports of Medium- and Heavy-Duty Trucks Starting Nov. 1
