President Donald Trump has postponed the implementation of a 25% tariff on heavy- and medium-duty trucks to November 1, having initially planned for it to start in early October. This announcement follows a Section 232 investigation into truck imports, which have surged over 40% since the North American Free Trade Agreement. The U.S. relies heavily on imports, particularly from Mexico and Canada, with estimates suggesting that 42-50% of heavy trucks are imported. The new tariffs may further challenge an industry already facing declining freight rates.

Source: https://www.supplychaindive.com/news/trum-heavy-truck-tariffs-nov-1-implementation/802189/