Overview
- President Trump signed the decree on Oct. 17 following a Section 232 national-security review of truck imports.
- Full 10% duties will apply to imported buses regardless of origin or USMCA compliance.
- The White House extended to 2030 a 3.75% catalog-price deduction for U.S.-made vehicles with imported parts, a measure that also covers trucks.
- About 78% of U.S. medium and heavy truck imports come from Mexico and 15% from Canada, concentrating the effects in North American supply chains.
- Bloomberg reported that Commerce plans a five-year extension of an agreement that reduces tariffs on imported auto parts, a development not yet formally announced.