US President Trump has signed a proclamation introducing significant tariffs on truck and bus imports. The move aims to protect domestic companies from foreign competition, particularly in the medium- and heavy-duty truck sector.
Effective immediately, all Class 3 to Class 8 vehicles, including semi-trucks, big rigs, and buses such as school buses and city buses, will be subject to a 25% tariff on imports. This decision is part of President Trump's ongoing efforts to promote domestic manufacturing and create jobs in the US.
The administration claims this policy change will incentivize automakers to produce vehicles with "American labor" that pay American workers good wages. To offset the tariffs, vehicle manufacturers will be eligible for a credit based on the proportion of imported parts used in their products.
The tariff regime includes exemptions for certain types of bus imports, such as those made from US-sourced materials. However, the administration suggests this is not ideal, stating that "not 100% of a vehicle can be used with goods that are already here in the United States."
Effective immediately, all Class 3 to Class 8 vehicles, including semi-trucks, big rigs, and buses such as school buses and city buses, will be subject to a 25% tariff on imports. This decision is part of President Trump's ongoing efforts to promote domestic manufacturing and create jobs in the US.
The administration claims this policy change will incentivize automakers to produce vehicles with "American labor" that pay American workers good wages. To offset the tariffs, vehicle manufacturers will be eligible for a credit based on the proportion of imported parts used in their products.
The tariff regime includes exemptions for certain types of bus imports, such as those made from US-sourced materials. However, the administration suggests this is not ideal, stating that "not 100% of a vehicle can be used with goods that are already here in the United States."