Summary
The Trump administration has announced a 25 percent tariff on heavy-duty trucks imported into the United States. Ford CEO Jim Farley noted that the new tariff would impact Ford, as the company builds its heavy-duty trucks domestically.
Key Facts
- President Trump announced a 25% tariff on imported heavy-duty trucks.
- The tariffs will start on October 1, 2025.
- Trump stated the tariffs aim to protect U.S. heavy truck manufacturers.
- Ford CEO Jim Farley commented on the tariff's significance for the company.
- Ford produces its heavy-duty trucks at plants in Louisville, Kentucky, and Avon Lake, Ohio.
- This move could benefit U.S. companies that manufacture trucks domestically.
