Trump to impose 25% tariffs on large truck imports

President Trump will soon be imposing news tariffs on large trucks. Starting next month, all medium- and heavy-duty trucks imported into the U-S will face a 25 percent tariff rate. President Trump said the escalated tax will take effect November 1st. He has said new tariffs are designed to protect U-S companies from “unfair outside competition.” The U-S Chamber of Commerce had urged the administration not to impose the truck tariffs, noting the top five importers are all allies and close trading partners.