Tough times for truck and bus makers as new tariffs go into effect

As a fresh slate of tariffs on heavy trucks and buses takes effect, industry players say the companies that make those vehicles in Canada will be feeling pain.

Starting today, all foreign imports of medium and heavy-duty trucks and truck parts headed to the U.S. will be tariffed at 25 per cent, and buses at 10 per cent. The new rules leave carveouts for trucks traded under the Canada-U.S.-Mexico Agreement, however — the 25 per cent tariff will only apply to their non-American parts.

U.S. President Donald Trump and his administration have justified these tariffs by arguing that relying on imported trucks, parts and buses poses national security risks.

Medium-, heavy-duty trucks to face 25% tariff as of Nov. 1, Trump says

“We need our Truckers to be financially healthy and strong, for m