Trump's New Tariff on Imported Trucks and Buses

U.S. President Donald Trump approved new customs duty regulations for imported trucks and buses as of November 1. This decision was made in light of the strategic role both vehicle types play in critical areas such as disaster response, logistics, and infrastructure transportation.

Under the new regulations, a 25 percent customs duty will be applied to imported trucks and parts, while the rate for buses has been set at 10 percent. These steps aim to enhance the United States' national security and economic independence.

With the newly implemented customs duties, the Trump administration aims to support domestic truck manufacturers, strengthen the supply chain, and increase employment. In particular, the positive impact of these regulations on domestic industry may enable many companies to raise their production capacity.

The Trump administration has indicated that certain exceptions will be applied for North American countries while promoting job creation and domestic production through reduced imports. It is expected that the new tariffs on imported vehicles could have significant effects on America’s trade balance, especially considering that a large portion of these vehicles comes from outside the U.S.

Particularly after the disruptions in global supply chains caused by the COVID-19 pandemic in recent years, such measures have become increasingly important. The transformation these strategic decisions will bring about in the U.S. domestic market continues to be a subject of curiosity.