Tag: Trucking industry
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Tariffs Hit Canadian Truck and Bus Makers as New levies Take Effect
Overview: Tariffs Take Effect Across the Heavy Vehicle Sector Canada’s fresh set of tariffs targeting medium and heavy-duty trucks, as well as related parts, began this week, placing additional pressure on a domestic manufacturing sector already navigating global supply chain disruptions and rising material costs. The policy, designed to shield domestic producers from foreign competition…
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Canada’s New Tariffs Hit Heavy Trucks and Buses: Industry Feels the Pinch
Canada’s Latest Tariffs Target Heavy Trucks and Bus Parts A fresh slate of tariffs on medium and heavy-duty trucks and their parts began to take effect across Canada, placing added pressure on a sector already navigating a challenging market. The measures, aimed at foreign imports, are expected to ripple through domestic assembly lines, parts suppliers,…
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Truck Tariffs: 25% on Medium- and Heavy-Duty Imports Start Nov. 1
Overview: A Big Tariff Increase for Heavy-Duty Truck Imports President Donald Trump announced a sweeping escalation in trade policy by confirming a 25 percent tariff on all medium- and heavy-duty trucks imported into the United States. Effective November 1, the move broadens earlier duties that targeted heavy trucks and shifts the policy to apply across…