S&P report on how US tariffs affect truck OEMs
12 February 2025
Tariffs could result in a 9% increase in prices and a 17% drop in volumes
On February 1, the United States government announced that it would implement 25% tariffs from February 4 on virtually all goods entering the country from Canada and Mexico. That has now been pushed back to March 4, but implementation of the tariffs still remains a strong possibility.
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