Paccar shares rise after Trump announces tariffs on foreign heavy-duty trucks

Core Viewpoint - Shares of US truck manufacturer Paccar increased following President Donald Trump's announcement of new tariffs on foreign-made heavy-duty trucks, aimed at protecting domestic manufacturing [1] Group 1: Company Impact - Paccar's stock price rose as a direct response to the tariff announcement, indicating a positive market reaction to the protective measures for domestic manufacturers [1] Group 2: Industry Implications - The new tariffs are expected to impact the competitive landscape of the heavy-duty truck market, potentially benefiting US manufacturers like Paccar while posing challenges for foreign competitors [1]