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International Business Times
International Business Times
Business
Olivia Harper

Trump Announces 25% Tariff On Imported Heavy Trucks From November 1

US President Donald Trump has announced that a 25% tariff will be imposed on all imported medium- and heavy-duty trucks starting Nov. 1. The decision marks a delay from the earlier plan to begin the tariff on Oct. 1, which passed without any official order from the White House.

The new tariff is aimed at encouraging more vehicle manufacturing within the United States. Trump made the announcement on his social media platform, Truth Social, saying foreign manufacturers should "build in America or pay the price."

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