Trump Slaps 25% Tariff on Imported Trucks, Escalates Trade War With Sweeping New Duties Across Key Sectors

News Snapshot:

New Delhi: President Donald Trump announced on Monday that the United States will impose a 25% tariff on all medium- and heavy-duty vehicles imported from outside the country starting November 1, 2025, in yet another step to advance his protectionist trade agenda. Taking to the Truth Social, the Republican President wrote, "Beginning November 1st, 2025, all Medium and Heavy Duty Trucks coming into the United States from other Countries will be Tariffed at the Rate of 25%. Thank you for your attention to this matter.” Since being re-elected, the President has repeatedly used tariffs, with this latest move on trucks...