Heavy Truck Tariffs Mostly Target US Allies
The current administration has boasted about the revenue gleaned from tariffs, but at what cost? In addition to tariffs being import taxes on American businesses, the countries that are impacted the most are often quite friendly.
In fact, the Chamber of Commerce noted in a statement earlier this year that the majority of our commercial vehicles are imported from countries that we’ve typically worked very closely with.
“Imports of medium- and heavy-duty commercial trucks (commercial trucks) and parts used in their manufacture are sourced overwhelmingly from U.S. allies and defense partners.” – U.S. Chamber of Commerce statement
More specifically, the largest importers of heavy trucks to the US are Mexico, Canada, Japan, Germany, and Finland, all of which are obviously threat-free from a national security standpoint.
