Trump Gives Automakers Tariff Relief, Imposes New Tariffs on Trucks and Buses

testerdahl

testerdahl

Administrator
Staff member
The Trump administration is rolling back tariffs on automakers while also formally imposing new tariffs on imported trucks, buses and other medium- and heavy-duty trucks. Under a proclamation signed October 17, President Trump approved a 25 percent tariff on imported medium- and heavy-duty trucks and parts, along with a 10 percent duty on buses, beginning November 1, senior administration officials confirmed in an Autonews.com story. The truck and bus tariff story is being updated as we learn more here. At the same time, Trump extended through 2030 an existing tariff offset program that provides cost relief for automakers assembling vehicles […] (read full article...)
 
Honestly, I can’t make sense of this news. Either I read it as Trump backed down completely OR he chose to pick his battles. Can’t figure this one out.

I also can’t figure out how much impact the truck tariffs will have. I was pretty shocked to learn we import trucks built in … Finland of all places,
 
Last edited:
I keep seeing news releases state Finland as one of 5 countries yet I can’t find any facts to back it up the more I dig into it. The White House document doesn’t state any country. It does state parts from India and Brazil along with Mexico and Canada will be excluded. They also don’t state about the tariff offset. This is maddening to try to report on!

IMG_5218.png
 
I read that the Tariff situation is so complicated that companies are building cars in Japan because it's cheaper to build it there and pay one Tariff instead of building it here and paying the Tariffs on aluminum, steel, and all the components shipped in.
 
Saddle Tramp said:
I read that the Tariff situation is so complicated that companies are building cars in Japan because it's cheaper to build it there and pay one Tariff instead of building it here and paying the Tariffs on aluminum, steel, and all the components shipped in.
Click to expand...
It seems to me people are wondering why even bother reporting on the news. IMO, it needs to be covered. If you are a fleet buyer or a new truck buyer, wouldn't you want to know what is going to happen with prices including parts prices? I sure would.

For example, I'm planning on buying either a new Ford or a new GM full-size truck next year. My news coverage suggests either one of those should be a new model. If the Ford is more expensive due to tariffs on aluminum and has less content like the 2026 model, then I'll be buying a GM truck. I'll get more truck for my money. That's why I'm covering this news. I could care less about the politics of it. This is about business.
 
You must log in or register to reply here.
Back
Top