- US President Donald Trump recently revealed that a 25% tariff will be imposed on imported mid-range and heavy-duty trucks. The new policy of tariff will come into effect from the beginning of next month.
- The move is to limit the import of trucks and push more domestic manufacturing in the United States. The government hopes that this action will favor local manufacturers and save American jobs in the trucking and automotive industries.
- Presently, the five major countries exporting such trucks to the US include Mexico, Canada, Japan, Germany, and Finland. These countries could see their export volume dwindle once the tariff comes into effect.
