Trump announces 25% tariff on foreign-made medium- and heavy-duty trucks

President Donald Trump Monday stated his administration will impose a price of 25% subsequent month on medium and heavy vans.

“At the start of November 1, 2025, all medium and heavy vans that enter the USA from different international locations can be skilled at a velocity of 25%,” Trump wrote in a social publish.

The White Home didn’t instantly reply to FOX Enterprise’s request to remark.

Again-to-back highs: August and September usher in $ 62.6 billion in tariff earnings

Vehicles will undergo the port of Oakland in Oakland, California on April 28, 2025. (Justin Sullivan / Getty Pictures / Getty pictures)

The American truck business is a cornerstone of the nationwide economic system, which, in line with the American Trucking Associations, strikes round 73% of all home vans.

About 2 million Individuals work as heavy truck drivers for tractors, with way more working as mechanics and help workers, in line with knowledge from the American Chamber of Commerce.

Furthermore, the revenue margins within the American logistics sector are often slim, making it very delicate to surprising will increase in working prices.

Tractor tractors within the port of Lengthy Seaside in Lengthy Seaside, California, on August 28, 2025. (Eric Thayer/Bloomberg/Getty pictures)

The highest 5 import sources per customs worth are Mexico, Canada, Japan, Germany and Finland, in line with knowledge collected by the Worldwide Commerce Fee of the USA.

These commerce relationships can be central this week, as press secretary Karoline Leavitt of the White Home stated that Trump will meet Canadian Prime Minister Mark Carney on Tuesday and the Finnish President Alexander Stubb on Thursday.

Bessent defends Trump’s charges towards claims that they’re harming American firms

Leavitt refused to share particulars about Trump’s coming discussions with the leaders, however stated that commerce coverage will in all probability be among the many matters.

Canadian Prime Minister Mark Carney (L) and President Donald Trump pose for a photograph in the course of the G7 prime on June 16, 2025. | Getty pictures

The newest revelation comes when the Supreme Courtroom weighs the legality of Trump’s radical commerce coverage – a central a part of his financial agenda.

The White Home has beforehand defended Trump’s charges as a reliable use of presidential powers to guard the economic system in an announcement to FOX Information Digital.

“We’re trying ahead to the last word victory about this subject with the Supreme Courtroom,” wrote spokesperson Kush Desai van Het Witte Huis.

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The US authorities collected $ 31.3 billion in tariff earnings in September, in line with knowledge from Treasury Division that had been launched on 29 September.

Tariff earnings Rose steadily from $ 17.4 billion in April to $ 23.9 billion in Could, earlier than climbing to $ 28 billion in June and reached $ 29 billion in July.

American firms pay this import tax on to the federal authorities, however they typically go on the prices by rising costs – which signifies that shoppers finally bear a lot of the burden.