US President Donald Trump on Friday ordered a new 25% tariff on imported medium and heavy trucks and their parts from November 1., Along with this, 10% tariff will be applicable on imported buses.,According to officials, these tariffs are being imposed on national security grounds and are aimed at shifting more auto production to the US, However, this could be a big blow to Mexico, as it is the largest exporter of medium and heavy trucks to the US.,

What order did Trump give?

According to Trump’s order, US automakers can receive a credit of 3.75% of the suggested retail price for vehicles assembled in the US through 2030., This credit will help reduce the cost of tariffs on imported parts., Similarly, 3.75% credit has also been increased for American engine manufacturing and American medium and heavy truck production.,

What is included in the new tariff?

The new tariff covers all trucks from Category 3 to Category 8, These include large pick-up trucks, moving trucks, cargo trucks, dump trucks and 18-wheel tractors., Trump said that this step has been taken to protect American manufacturing companies from unfair foreign competition., The decision affected Packer-owned Peterbilt and Kenworth., Companies like Freightliner, owned by Daimler Trucks, will benefit.,

American Chamber of Commerce made this appeal to Trump

The US Chamber of Commerce firstrump Had appealed that new tariffs should not be imposed on trucks. He said that the top five sources of imports Mexico, Canada, Japan, Germany and Finland Are allies or close partners of the United States and do not pose a threat to US national security.

The order also provides financial relief to GM, Ford, Toyota, Stellantis, Honda, Tesla and other automakers from previously imposed imported auto parts duties. The Commerce Department said in June that it planned to offer an offset of 3.75% of the value of eligible US-assembled vehicles through April 2026 to reduce tariffs on imported automobile parts. After this it will be 2.5% in the second year.

What did Republican Senator Bernie Moreno say?

Republican Senator Bernie Moreno said the revised credit extends it for five years, keeps it at 3.75% year-round and extends it to more borrowers. This makes it more valuable to automakers and gives companies more incentive to move production to America.

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GST Reform: Prior to the festivals, the Modi government has given great relief to the general public. The government has made common items cheaper by changing the GST slab. This decision will provide relief in the expenses of common people on the occasion of Durga Puja, Diwali and Chhath. The 56th meeting of the GST Council was held in Delhi on Wednesday, in which many important proposals were approved. Finance Minister Nirmala Sitharaman said that now only two GST slabs will remain- 5 percent and 18 percent. With this, slabs of 12 percent and 28 percent have been abolished.

Prime Minister Narendra, while addressing the winners of the National Teacher Award 2025 on Thursday, said that this comprehensive improvement in the GST structure will give the country a “double dose of support and development”. He called it a reform of the next generation for India’s progress in the 21st century. During this, he told that these reforms will be applicable from 22 September.

Prime Minister Modi told the reason

The Prime Minister said that these reforms will be applicable from September 22. He said, “The first generation of improvement will apply on the first day of Navratri, because all these things are related to mother power.” He also clarified that without making timely changes, the country cannot find a proper place in global conditions.

PM Modi shared the history of GST reforms and said that when GST came into force eight years ago, it was a dream of decades. He described it as one of the biggest economic reforms of independent India and said that along with strengthening the economy of the country, it will also give relief in the pockets of the common people. Citing the GST Council meeting, the Prime Minister said that now most of the daily use items will be at the rate of 5 percent, while luxury and harmful products will be specially applicable to 40 percent. He said that the new system will be more simple and transparent than before.

PM Modi targeted opposition

Taking a dig at the opposition, Prime Minister Modi said that earlier during the Congress rule, heavy taxes were imposed on domestic consumption basic goods, but the current government has removed these flaws for the convenience of the common man. He also said that this reform will be beneficial for the country’s economic strength and the general public, and before Diwali and Chhath Puja, the countrymen will get double the gift of happiness.