Trump announces 25% tariff on medium- and heavy-duty trucks
Fox Business·2025-10-06 18:21
Group 1 - The Trump administration will impose a 25% tariff on medium- and heavy-duty trucks starting November 1st, 2025 [1] - The U.S. trucking industry is vital to the national economy, transporting approximately 73% of all domestic freight [2] - Around 2 million Americans are employed as heavy and tractor-trailer truck drivers, with additional jobs in mechanics and support roles [2] Group 2 - The logistics sector in the U.S. operates with typically slim profit margins, making it sensitive to unexpected increases in operating costs [3]