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Trump imposing new 25% tariff on large trucks starting Nov. 1

Reuters · Just In
Reuters
Reuters
Just In

President Donald Trump said Monday that all medium- and heavy-duty trucks imported into the United States will face a 25% tariff rate starting November 1, a significant escalation of his effort to protect U.S. companies from foreign competition.

Breakdown
  • President Trump announced a 25% tariff on imported medium and heavy-duty trucks.
  • The tariffs are set to begin on November 1 to protect U.S. manufacturers. 5s
  • The U.S. Chamber of Commerce opposed the tariffs, citing strong trade ties with import sources. 26s
  • Mexico, the largest exporter of these trucks to the U.S., has criticized the move. 41s
  • Imports of large trucks from Mexico have tripled since 2019, with significant U.S. content in the vehicles. 46s
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Global Tariffs

Donald Trump has signed an order to impose tariffs imports into the U.S. from countries including China, Mexico and Canada.