Trump slaps 25% tariff on foreign trucks, offers tax breaks to US automakers

Jim Lee, Taipei; Elaine Chen, DIGITIMES Asia Tuesday 21 October 2025 0

Credit: Bloomberg

In a major escalation of his trade policy, President Donald Trump announced in early October 2025 that his administration would impose a 25% tariff on imported medium and heavy-duty trucks and components, and a 10% tariff on imported buses, beginning...

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