Trump sets 25% tariffs on imported medium, heavy trucks

News Image

MG News | October 07, 2025 at 12:07 PM GMT+05:00

0:00

October 07, 2025 (MLN): U.S. President Donald Trump stated that all medium and heavy duty trucks imported into the United States will face a 25% tariff starting November 1, intensifying efforts to protect American truck manufacturers from foreign competition.

Last month, Trump indicated that heavy truck imports would face new duties from October 1, citing national security concerns.

The president said the tariffs aim to shield U.S. manufacturers from “unfair outside competition” and benefit domestic companies such as Peterbilt and Kenworth, owned by Paccar, as well as Freightliner, owned by Daimler Truck.

Under existing trade agreements with Japan and the European Union, the U.S. applies 15% tariffs on light-duty vehicles, though it remains unclear whether the same rate will apply to larger trucks.

The administration also allows producers to deduct the value of U.S.-made components from tariffs on light-duty vehicles assembled in Canada and Mexico.

Medium and heavy duty trucks include delivery vehicles, garbage trucks, public utility trucks, transit buses, shuttles, school buses, semitrucks, and other vocational trucks.

The U.S. Chamber of Commerce had previously urged the Commerce Department not to impose additional truck tariffs, noting that the top five import sources Mexico, Canada, Japan, Germany, and Finland are U.S. allies or close partners with no threat to national security.

Mexico remains the largest exporter of medium and heavy duty trucks to the U.S., with imports tripling since 2019 to approximately 340,000 units, according to government data released earlier this year.

Copyright Mettis Link News

 

Related News

Name Price/Vol %Chg/NChg
KSE100 167,085.58
225.68M
0.48%
802.03
ALLSHR 101,220.72
685.91M
0.47%
477.65
KSE30 50,772.02
134.57M
0.57%
290.16
KMI30 239,923.35
145.03M
0.77%
1831.31
KMIALLSHR 66,042.80
345.76M
0.65%
425.34
BKTi 45,106.39
29.18M
0.06%
24.91
OGTi 33,583.05
26.44M
1.52%
502.39
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 89,425.00 92,995.00
88,405.00
-3415.00
-3.68%
BRENT CRUDE 63.86 64.09
63.06
0.60
0.95%
RICHARDS BAY COAL MONTHLY 91.00 0.00
0.00
0.10
0.11%
ROTTERDAM COAL MONTHLY 97.25 97.25
97.25
0.05
0.05%
USD RBD PALM OLEIN 1,016.00 1,016.00
1,016.00
0.00
0.00%
CRUDE OIL - WTI 60.14 60.50
59.42
0.47
0.79%
SUGAR #11 WORLD 14.82 15.02
14.73
-0.06
-0.40%

Chart of the Day


Latest News
December 07, 2025 at 09:40 AM GMT+05:00

FFC, PAEL enter the MZNPI fold in latest review


December 06, 2025 at 11:55 PM GMT+05:00

GCC–Pakistan FTA dominates Doha forum


December 06, 2025 at 11:17 PM GMT+05:00

Binance Boss lands in Islamabad for Crypto rule talks


December 06, 2025 at 09:58 PM GMT+05:00

ADB sanctions $381m for Punjab reforms


December 06, 2025 at 03:31 PM GMT+05:00

Key Pakistan Market Stats and Economic Indicators



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg