Down the Road: New Truck Tariffs on Commercial Vehicles

President Trump has announced that the United States will impose 25% tariffs on medium- and heavy-duty commercial vehicles starting November 1. The S&P Global Mobility medium- and heavy-duty-vehicle (MHCV) forecast teams see the truck industry as sensitive to regional tariffs, as the manufacturing supply chain is deeply integrated across North America. However, determining the extent of potential disruption requires several open questions to be answered.

Among these open questions, say S&P officials, one of the most important is whether USMCA-compliant trucks and parts will see a tariff on non-U.S. value, as is the case with light-duty vehicles, or if the new levy will impact the full value of new MHCVs coming across the border, including U.S. value add.  

Technologies: Management

Subscribe to the Newsletter

Start receiving newsletters.