Sweeping new U.S. tariffs, ranging from 25 percent to 100 percent, took effect at midnight on Oct. 1.
In a series of Truth Social posts last week, President Donald Trump unveiled a new round of levies targeting specific sectors of the economy.
Heavy-duty trucks manufactured outside the United States will be subject to a 25 percent tariff.
According to the president, the levies are designed “to protect our great heavy truck manufacturers from unfair outside competition.”
“Our great large truck company manufacturers, such as Peterbilt, Kenworth, Freightliner, Mack Trucks, and others, will be protected from the onslaught of outside interruptions,” Trump said on the social media platform….