Trump Slaps markets: 25% tariff on medium & heavy-duty trucks from Nov 1, 2025.
“Beginning November 1st, all imported trucks will face a 25% tariff,” Trump posted on Truth Social.
The U.S. trucking industry moves 73% of all domestic freight — vital to the economy.
About 2 million Americans work as truck drivers, with millions more in logistics support.
Imports mainly come from Mexico, Canada, Japan, Germany & Finland — key trade partners.
White House says tariffs are to “protect the U.S. economy,” but costs may pass to consumers.
Tariff revenue has surged: $17.4B in April → $31.3B in September, Treasury data shows.
Industry fears higher operating costs, thin profit margins, and possible job cuts.
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