In a move aimed at shielding domestic businesses, President Donald Trump declared on Monday that a 25% tariff will be imposed on all medium- and heavy-duty trucks imported into the United States starting November 1. This is a significant escalation in his protectionist trade policies, following his earlier declaration that heavy truck imports would be subject to new tariffs on national security grounds.
The United States has existing agreements with Japan and the European Union, setting tariffs at 15% on light-duty vehicles, though it's unclear if the same will apply to larger vehicles. The administration has also allowed producers to deduct U.S. component values from tariffs paid on light-duty vehicles assembled in Canada and Mexico, adding complexity to the trade dynamics.
The U.S. Cha