Despite President Donald Trump’s 30-day postponement of proposed tariffs on Canada and Mexico, industry analysts voiced concerns on the potential impact they could have on truck production and pre-buy activity.
American Trucking Associations President and CEO Chris Spear noted new tariffs could dampen a trucking recovery that has been plagued by decreasing freight volumes and increasing costs for motor carriers.
“A 25% tariff levied on Mexico could see the price of a new tractor increase by as much as $35,000,” Spear said. “That is cost-prohibitive for many small carriers, and for larger fleets, it would add tens of millions of dollars in annual operating costs.”
