Trump says tariff aims to protect U.S. truck manufacturers from foreign competition
U.S. Chamber of Commerce opposes tariffs, citing allies as top import sources
Mexico largest exporter of medium- and heavy-duty trucks to U.S.
WASHINGTON - President Donald Trump said Monday that all medium- and heavy-duty trucks imported into the United States will face a 25% tariff rate starting Nov. 1, a significant escalation of his effort to protect U.S. companies from foreign competition.
Trump last month had said heavy truck imports would face new duties on Oct. 1 on national security grounds, saying the new tariffs were to protect manufacturers from "unfair outside competition" and that the move would benefit companies such as Paccar-owned Peterbilt and Kenworth, and Daimler Truck-owned Freightl