Trump Imposes 25% Tariff on Imported Medium & Heavy-Duty Trucks
US President Donald Trump has declared a 25% tariff on imported medium and heavy-duty trucks, set to commence on November 1, 2025. This move aligns with his broader protectionist trade strategy, aiming to safeguard American manufacturers from foreign competition.
The new tariff will impact a wide range of vehicles, including delivery trucks, garbage trucks, public utility trucks, buses, and semi-trucks. The top five exporting countries—Mexico, Canada, Japan, Germany, and Finland—will be affected. Notably, Stellantis, which produces heavy-duty trucks and commercial vans in Mexico, is among the companies that will face these new duties.
The United States-Mexico-Canada Agreement (USMCA) offers an exemption for tariff-free movement of these vehicles if at least 64% of their value originates in North America. However, this exemption does not extend to trucks from other countries. German manufacturers like Daimler Truck and Traton, significant players in the US market, are expected to see reduced sales and financial outlooks due to the 'trump tariffs'.
The 25% tariff on imported medium and heavy-duty trucks, as announced by President Trump, takes effect in late 2025. This decision seeks to promote domestic production and protect American truck manufacturers from 'unfair outside competition'. The impact will be felt across various industries and countries, with notable effects on German manufacturers.
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