Trump signs order imposing duties on heavy duty vehicles
( October 17, 2025, 23:38 GMT | Official Statement) -- MLex Summary: President Donald Trump has signed an executive order imposing 25 percent duties on medium-and-heavy-duty vehicles and related parts, starting Nov. 1. Buses and similar heavy vehicles are subject to a 10 percent rate. The order has exemptions for automakers, including for the US content of a product qualifying under the United States-Mexico-Canada Agreement. There is also an offset for parts and engines on 3.75 percent of the aggregate value of all trucks assembled in the US from 2025 through 2030, reflecting the duty owed when the tariff rate applies to 15 percent of the value of a US-assembled heavy vehicle. The order also extends an existing similar offset exemption mechanism for cars and car parts through 2030.Executive order below:...
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