Overview

• Trump announced on Truth Social that all heavy trucks made outside the U.S. will face a 25% tariff starting Oct. 1.
• Paccar, which owns Peterbilt and Kenworth, rose as much as 7% on the news.
• The administration cited national security under Section 232, and Paccar said it is reviewing the details.
• U.S. heavy-truck sales totaled 422,000 in August, the lowest in four years, according to BEA data.
• The truck duty is part of a broader package slated for Oct. 1 that also imposes 100% tariffs on branded drugs, 50% on kitchen cabinets and 30% on upholstered furniture.