Trump explodes the tariff bomb again! Imposed 25 percent tax; Which sector has been hit now?

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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