Trump slaps 25% tariffs on heavy trucks imports, starting Oct. 1

In an aerial view, trucks line up to enter a shipping berth at the Port of Oakland on Aug. 26, 2025 in Oakland, California.

Justin Sullivan | Getty Images

U.S. President Donald Trump said Thursday night stateside that he would impose a 25% tariff on imported heavy trucks from Oct. 1, part of his broader push to boost domestic manufacturing.

“All ‘Heavy (big!) Trucks’ made in other parts of the world” will face the higher tariffs, Trump said in a post on Truth Social, attributing the move to protecting U.S. manufacturers from “unfair outside competition” and addressing national security concerns.

“Large Truck Company Manufacturers, such as Peterbilt, Kenworth, Freightliner, Mack Trucks, and others, will be protected from the onslaught of outside interruptions,” Trump added.

The decision came as Trump took aim at a swath of imported goods with fresh tariffs, including 100% duties on pharmaceutical drugs, 50% tariffs on kitchen cabinets and 30% on upholstered furniture, according to Trump’s posts on Truth Social. All the new tariffs will also take effect from Oct. 1, Trump said.

“We are looking forward to reviewing the details of the Medium and Heavy Truck Section 232 announcement made by the President,” said a spokesperson for PACCAR, which owns Peterbilt and Kenworth.

Daimler Truck, parent company of Freightliner, and Mack Trucks, part of the Volvo Group, did not immediately respond to CNBC’s request for comments.

The announcements followed several new investigations by the administration into imports of robotics, industrial machinery and medical devices to determine if they pose national security risks.

The probes were opened under Section 232 of the Trade Expansion Act, a provision that allows tariffs on national security grounds. The statute has previously been used to impose levies on numerous sectors, including automobiles and parts, copper, steel and aluminum.

Earlier in April, the Commerce Department launched a probe into imports of medium- and heavy-duty trucks, parts and related products, inviting companies to submit their projected demand for these items, according to a Federal Register notice.

The notice defined “heavy-duty trucks” as those with a gross vehicle weight rating of 26,001 pounds or more.

Mexico was the largest exporter of medium- and heavy-duty trucks to the U.S. last year, followed by Canada, Japan, Germany and Turkey, according to the Commerce Department’s International Trade Administration.

U.S. production of heavy-duty trucks has rebounded in recent years, with the monthly shipment value more than tripled to $3.2 billion in July this year from a multiyear-low of around just $1.1 billion in April 2020, according to data from the Federal Reserve Bank of St Louis. This year, however, the value of the monthly shipments has been on a modest decline, the data showed.

The higher duties on kitchen cabinets, bathroom vanities and certain furniture were due to “large scale FLOODING” of these imports into the U.S. and were hurting local manufacturers, Trump said on Truth Social.

Source link

Visited 1 times, 1 visit(s) today

Related Article

S&P 500, Nasdaq fall as US slowdown fears persist — TradingView News

Wall Street set for lower open as investors reassess rate-cut hopes — TradingView News

By Niket Nishant and Sukriti Gupta Wall Street’s main indexes were set to open lower on Thursday, as fresh economic data and remarks from a Federal Reserve official tempered optimism around further rate cuts. The moves reflect a broader sense of caution ahead of Friday’s release of the Personal Consumption Expenditures index, the Federal Reserve’s

Laura Bratton

Dow, S&P 500, Nasdaq fall after back-to-back losses, jobless claims dip

US stocks fell Thursday as Wall Street assessed an unexpected decline in jobless claims, complicating the calculus for interest rate cuts amid uncertainty about Federal Reserve unity on policy. The Dow Jones Industrial Average (^DJI) dipped about 0.3%, and the S&P 500 (^GSPC) lost 0.6%. Meanwhile, the tech-heavy Nasdaq Composite (^IXIC) fell 0.9%. The declines

無綫新聞 TVB News

Sichuan’s High-Tech Industrial Development Zone records GDP of nearly 350 billion yuan

發佈日期: 2025-09-25 20:10 TVB News 粵 已複製連結 The High-Tech Industrial Development Zone in Sichuan province’s Chengdu, recorded a total GDP of nearly 350 billion yuan in 2024. Enterprises established in the area include Aerofugia and Adaspace Technology. This is AE200, a manned eVTOL aircraft developed by Aerofugia, an aviation enterprise under the Geely Technology Group.

Euro Currency Trading Concept Illustration with Forex Line Graphs and Fifty Euro Banknotes. Trading Business Concept

Forex trading: How does it work – and is It worth trying in 2025?

It wasn’t so long ago that trading was considered a niche activity that little was understood about by the masses – but fast forward to today, and a growing number of affluent individuals are dipping their toes in in the hopes of securing enhanced financial freedom and long-term wealth. As trading becomes more accessible than

NZD/USD Analysis 25/09: Mid-Term Lows Challenged (Chart)

NZD/USD Analysis 25/09: Mid-Term Lows Challenged (Chart)

Created on September 25, 2025 The NZD/USD is trading near the 0.58190 level this morning as the currency pair has made fresh near-term lows and is within sight of important mid-term support. The NZD/USD was able to rise and touch the 0.60000 level last Wednesday, this in the midst of the announced interest rate cut

USD/ILS Analysis 25/09: Sideways Price Action (Chart)

USD/ILS Analysis 25/09: Sideways Price Action (Chart)

Created on September 25, 2025 The USD/ILS is near the 1.35440 mark as of this writing depending largely on a rather wide spread regarding bids and asks this morning, essentially providing sideways price action in a cautious Forex market. The value of the USD/ILS is around the 1.35440 vicinity this morning depending on the quote

EUR/USD Analysis 25/09: Renewed Selling Ahead (Chart)

EUR/USD Analysis 25/09: Renewed Selling Ahead (Chart)

Created on September 25, 2025 EUR/USD Analysis Summary Today Overall Trend: Downward bias. Today’s Support Levels: 1.1720 – 1.1650 – 1.1580. Today’s Resistance Levels: 1.1800 – 1.1870 – 1.1930. EUR/USD Trading Signals: Sell EUR/USD from the 1.1820 resistance level. Target: 1.1600. Stop-loss: 1.1900. Buy EUR/USD from the 1.1640 support level. Target: 1.1810. Stop-loss: 1.1600. Technical

Gold Analysis 25/09: USD Gains Halt Gold's Rally (Chart)

USD Gains Halt Gold’s Rally (Chart)

Created on September 25, 2025 Today’s Gold Analysis Overview: The overall of Gold Trend: Still bullish. Today’s Gold Support Levels: $3,710 – $3,660 – $3,590 per ounce. Today’s Gold Resistance Levels: $3,770 – $3,800 – $3,835 per ounce. Today’s Gold Trading Signals: Sell gold from the $3,790 resistance level. Target: $3,600. Stop-loss: $3,830. Buy gold