13
Oct
The drumbeat of new tariffs continues. President Trump has announced a 25% tariff on imported medium- and heavy-duty trucks, effective November 1, 2025. This comes after a federal investigation into truck imports and is designed to protect U.S. manufacturers such as PACCAR, the parent company of Peterbilt and Kenworth, and Ford. Most U.S. truck imports come from Mexico, which exports nearly all its heavy-duty trucks to the U.S. While USMCA allows tariff-free trade for vehicles meeting local content rules, non-qualifying...