According to an article in the Global Trade, the $50 billion U.S. heavy-duty truck industry is facing rising costs from Section 232 tariffs on steel, aluminum, and copper parts, pushing manufacturers to move more sourcing to Mexico under the USMCA trade pact. Trucks built in the U.S. now carry a 3% cost premium, with Daimler’s Mexican-made Freightliner Cascadia priced around $165,000 versus $195,000 for Paccar’s U.S.-built Kenworth T680. Paccar paid $75 million in tariffs in Q3, while rivals gain higher margins by avoiding levies. Volvo has raised its Mexico investment to $1 billion, and Paccar plans to boost imports of USMCA-certified parts. With raw materials making up 85% of truck costs and a Commerce Department probe underway that could add new tariffs, ACT Research forecasts U.S. truck production to fall 11% in 2026.
Truck N’ Hustle
According to an article in the Global Trade, the $50 billion U.S. heavy-duty truck industry is facing rising costs from Section 232 tariffs on steel, aluminum, and copper parts, pushing manufacturers to move more sourcing to Mexico under the USMCA trade pact. Trucks built in the U.S. now carry a 3% cost premium, with Daimler’s Mexican-made Freightliner Cascadia priced around $165,000 versus $195,000 for Paccar’s U.S.-built Kenworth T680. Paccar paid $75 million in tariffs in Q3, while rivals gain higher margins by avoiding levies. Volvo has raised its Mexico investment to $1 billion, and Paccar plans to boost imports of USMCA-certified parts. With raw materials making up 85% of truck costs and a Commerce Department probe underway that could add new tariffs, ACT Research forecasts U.S. truck production to fall 11% in 2026.
Source: #globaltrade
=========================
Follow us @trucknhustle for more 💥
#trucking #truckerlife #trucker #truckdriver #trucknhustle #trucking #newstoday #transportation #logistics #supplychain #news #breakingnews
2 days ago | [YT] | 28