Business

Trump Imposes 25 Percent Tariffs on Imports of Medium- and Heavy-Duty Trucks Starting Nov. 1

New analysis suggests automakers are facing billions in tariff costs.
Trump Imposes 25 Percent Tariffs on Imports of Medium- and Heavy-Duty Trucks Starting Nov. 1
A Ford F-150 pickup truck on the assembly line at Dearborn Truck Plant in Dearborn, Mich., on April 11, 2024. Rebecca Cook/Reuters
Andrew Moran
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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.
Andrew Moran
Andrew Moran
Author
Andrew Moran has been writing about business, economics, and finance for more than a decade. He is the author of "The War on Cash."