Zincwarrior
Diamond Member
Trump pushed back tariffs he unilaterally imposed, set to start in October, by an additional month. The tariff would levy a 25% tax on new medium and heavy duty trucks entering the country.
The announcement, which Trump made on Truth Social, both delays and expands a tariff he announced in late September.
Trump posted on Truth Social on Sept. 25 that “Heavy (Big!) Trucks” made outside the United States would be subject to a 25 percent tariff beginning Oct. 1. But those tariffs were never formally imposed.
Trump has framed the tariffs as a way to protect the trucking industry, which is critical to moving goods around the United States.
The president has previously announced tariffs on automobile imports, steel and aluminum, copper, furniture and other goods. He has also announced steep tariffs on imported pharmaceuticals, only for the White House to say they are being delayed amid negotiations with drugmakers.
Trump says tariffs on medium- and heavy-duty trucks will go into effect Nov. 1
President Trump on Monday said he would impose a 25 percent tariff on medium- and heavy-duty trucks coming into the United States starting Nov. 1.The announcement, which Trump made on Truth Social, both delays and expands a tariff he announced in late September.
Trump posted on Truth Social on Sept. 25 that “Heavy (Big!) Trucks” made outside the United States would be subject to a 25 percent tariff beginning Oct. 1. But those tariffs were never formally imposed.
Trump has framed the tariffs as a way to protect the trucking industry, which is critical to moving goods around the United States.
The president has previously announced tariffs on automobile imports, steel and aluminum, copper, furniture and other goods. He has also announced steep tariffs on imported pharmaceuticals, only for the White House to say they are being delayed amid negotiations with drugmakers.
