Trump approves tariff relief for US auto production, issues new truck duties

Group 1 - U.S. President Donald Trump signed orders for significant tariff relief for U.S. auto and engine production, while imposing new 25% tariffs on imported medium- and heavy-duty trucks and parts starting November 1 [1][2] - A 10% tariff will be applied to imported buses [2] - Automakers will be eligible for a credit equal to 3.75% of the suggested retail price for U.S. assembled vehicles through 2030 to offset import tariffs on parts [2]