Navigating the Uncertainty: What the Proposed U.S. Truck Tariffs Mean for the Industry
Truck Tariff Turmoil: What the Proposed 25% Duties Could Mean for North American Trucking The trucking and manufacturing sectors are on edge following an announcement from the current administration of plans to impose a 25% tariff on medium and heavy-duty commercial vehicles (MHCVs). While the announcement was made weeks ago, the tariff details remain unclear — and without a published executive order, the measure has yet to take effect. The proposed tariffs, introduced under Section 232 of the Trade Expansion Act, could have far-reaching implications for North America’s highly integrated commercial vehicle market. With the U.S., Mexico, and Canada deeply intertwined under the United States-Mexico-Canada Agreement (USMCA), industry stakeholders are now left grappling with uncertainty. A Waiting Game: Tariff Details Still Unclear Although the current administration indicated the tariffs would begin on October 1 — later pushing the date to November 1 — there has still...