Trump imposes 25% tariffs on heavy trucks and parts to strengthen U.S. manufacturing and national security
WASHINGTON, D.C. — President Donald J. Trump has signed a Proclamation invoking Section 232 of the Trade Expansion Act of 1962 to impose new tariffs on imports of medium- and heavy-duty trucks, truck parts, and buses, citing threats to national and economic security, the White House announced Thursday.
The new policy introduces a 25% tariff on imports of Class 3–8 vehicles,...
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