• Beginning November 1st, all medium and heavy-duty trucks coming into the US will be tariffed at 25%

We will wait on the details but in the USA, the FHWA classifies

• Medium-duty truck = Classes 4–6, GVWR 14,001–26,000 lb

• Heavy-duty truck = Classes 7–8, GVWR 26,001 lb and up

Don’t think of these as the retail-type trucks you see on the road (like a Ford F150) but as hauling trucks. This isn’t not important news for the major automakers.

In the bigger picture, Tariff Man continues to press that issue. There was a hope that Liberation Day was basically a one-and-done that would be ratcheted down but — if anything — he’s showing that he’s willing to ratchet them up.