Mr. Trump imposes 25% tax on imported heavy trucks from November 1

Starting November 1, imported medium- and heavy-duty trucks into the US will be subject to a 25% tariff, marking a new escalation in the US's efforts to protect domestic businesses from foreign competition.

US President Donald Trump - Photo: FORBES

According to Reuters, last month US President Donald Trump announced plans to impose new tariffs on heavy trucks from October 1, citing national security reasons. He said the tariffs were aimed at "protecting US manufacturers from unfair competition".

On October 6, Mr. Trump officially announced that medium and heavy trucks imported into the country will be subject to a 25% tax, starting November 1.

Vehicles affected by the new tax include delivery vehicles, garbage trucks, buses, tractor-trailers and heavy-duty specialized vehicles,...

Under trade agreements with Japan and the European Union, the US currently imposes a 15% tariff on light trucks, but it is unclear whether the same rate applies to heavy vehicles.

The Trump administration also allows manufacturers to deduct the value of U.S.-made components from import duties on light trucks assembled in Canada and Mexico.

The US Chamber of Commerce had previously urged the US Commerce Department not to impose new tariffs on trucks, explaining that the top sources of imports are Mexico, Canada, Japan, Germany and Finland, "all of which are close allies or partners of the United States and do not pose a threat to national security."

Mexico is the largest exporter of medium- and heavy-duty trucks to the United States. A study released in January found that imports of such vehicles from Mexico have tripled since 2019, to about 340,000, according to government statistics.

Under the North American Free Trade Agreement (USMCA), medium- and heavy-duty trucks are exempt from tariffs if at least 64% of the vehicle's value originates in North America, including components such as engines, axles, steel materials, or assembly labor.

The Mexican government has objected to the new tariffs, asserting that on average 50% of components in trucks exported to the US originate in the US, including diesel engines.

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THANH HIEN

Source: https://tuoitre.vn/ong-trump-ap-thue-25-len-xe-tai-hang-nang-nhap-khau-tu-ngay-1-11-20251007061529151.htm