Reported 2 days ago
President Donald Trump announced a 25% tariff on medium- and heavy-duty trucks imported into the United States, effective November 1, as part of efforts to support domestic manufacturing. This decision aims to protect American manufacturers like PACCAR and comes following a federal investigation into the impact of such imports on national security. The tariff is expected to give domestic producers a competitive edge, especially against manufacturers in Mexico, which supply a significant portion of U.S. truck imports.
Source: YAHOO