Automakers to Receive Extended Tariff Relief Under Trump’s New Orders

Automakers to Receive Extended Tariff Relief Under Trump’s New Orders

President Donald Trump has signed orders expanding tax credits for U.S. automobile and engine production and introducing new tariffs of 25% on imported medium- and heavy-duty trucks and their parts, effective November 1. The tariffs are being imposed on national security grounds and aim to encourage increased vehicle production within the United States. Mexico, the […]

U.S. to Impose 25% Tariff on Medium- and Heavy-Duty Truck Imports Starting November

U.S. to Impose 25% Tariff on Medium- and Heavy-Duty Truck Imports Starting November

Starting November 1, a 25% tariff will be applied to all medium- and heavy-duty trucks imported into the United States. This marks a significant increase in tariffs aimed at protecting domestic manufacturers from foreign competition. Previously, it was announced that new duties on heavy truck imports would begin earlier in October, justified on national security […]