Summary
President Donald Trump announced that starting November 1, the U.S. will impose a 25 percent tariff on medium- and heavy-duty trucks imported into the country. This move aims to protect U.S. companies from foreign competition and affects trucks from countries like Mexico and Canada.
Key Facts
- President Trump announced the 25 percent tariff on imported medium- and heavy-duty trucks.
- The tariff will start on November 1.
- The decision is part of an effort to protect U.S. truck manufacturers.
- Previously, Trump mentioned plans for tariffs on heavy trucks using national security reasons.
- Mexico exports the most medium- and heavy-duty trucks to the U.S.
- Under the USMCA trade deal, trucks with at least 64 percent North American value aren't affected.
- The U.S. Chamber of Commerce opposes the new tariffs.
- Sweden’s Volvo Group plans to open a heavy-truck factory in Mexico in 2026.
