Trump expands credits for U.S. auto & engine production; slaps 25% tariff on imported medium/heavy trucks (plus 10% on buses) starting Nov 1

What happened

• The White House approved an expanded 3.75% MSRP credit for U.S.-assembled vehicles, engines, and U.S.-built medium/heavy trucks, extended and broadened for five years (through 2030).
• New 25% tariffs will hit imported Class 3–8 trucks and parts from Nov 1; imported buses face a new 10% tariff.

Why it matters

Domestic producers get cost relief and a pricing edge; importers and big fleet buyers face higher equipment costs.

Winners

U.S. heavy-duty truck OEMs (benefit from 25% tariff wall vs. imports + production credits)

$PCAR (Paccar) - Peterbilt/Kenworth built in the U.S., advantaged on pricing versus imported r ...