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Benzinga
Benzinga
Business
Dylan Berman

What's Going On With PACCAR Shares Friday?

Paccar Donald Trump PCAR Nasdaq Freightliner Mack Trucks The United States
PACCAR-Photo by RYO Alexandre via Shutterstock

PACCAR Inc. (NASDAQ: PCAR) shares are trading higher Friday after it was reported President Donald Trump will impose a 25% tariff on heavy trucks made outside the United States starting Oct. 1.

What To Know: Trump said on Truth Social that "all heavy (big!) trucks made in other parts of the world" will face the higher tariffs. He said the move is aimed at protecting U.S. manufacturers such as Peterbilt, Kenworth, Freightliner and Mack Trucks from "unfair outside competition" and addressing national security concerns.

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