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Trump announces 25% truck duties, extends 3.75% credits for American automakers

World News18 min ago

Trump signs orders to boost U.S. auto and engine production, impose 25% tariffs on imported medium- and heavy-duty trucks and parts. The tariffs, aimed at shifting production to the U.S., could hurt Mexico, the top exporter of these trucks. Trump also sets 10% tariff on imported buses. Automakers eligible for credit to offset import tariffs on parts until 2030.

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