Truck and automobile components and parts manufacturers came out strongly against President Trump’s latest threat to impose a 5% tariff on Mexican imports, saying that it would only serve as an additional tax on the American people and put jobs and investment in the U.S. at risk.
It didn't take long for tariffs to be implemented after the International Trade Commission reversed its stance on imported tires from China. As of Feb. 15, new tires from China are being subjected to tariffs.
The International Trade Commission has reversed an earlier decision and ruled the U.S. tire market is being harmed by the import of truck and bus tires from China.
Imported steel costs more, whether used in dump trucks or Senior Contributing Editor Tom Berg's new garage lift.
China will suspend the additional 25% tariff imposed on U.S. auto imports for three months starting Jan. 1, the Chinese Finance Ministry announced Friday.
Despite an overall positive truck sales forecast for 2019, tariffs and trade wars could be stumbling blocks that trip up the economy and send freight and truck sales downward, said two longtime industry analysts.
Daimler AG reported a decline in profitiability and revenue in the second quarter and also announced a corportate restructuring which will split off Mercedes-Benz AG, Daimler Truck AG, and Daimler Mobility AG.
Trucking largely supported Donald Trump for president because of his promises to reduce regulation (which he’s been working on) and put in place pro-business policies (such as the tax cut.) But his trade war has a great many businesses concerned, if not up in arms – and it could even affect the economy.
President Donald Trump's threat to impose tariffs on foreign vehicles may not come to pass, after Commerce Secretary Wilbur Ross said it's "premature" to say the plan will move forward in a Monday appearance on CNBC.
A team of Retread Instead supporters participated in this year’s Tire Industry Association-sponsored Federal Lobby day educating legislators on the economic benefits of tire retreads compared to cheap foreign options.
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