Trump’s New Tariffs: How the Trucking Industry Will Feel the Impact
President Donald Trump has implemented a fresh wave of tariffs on imports, with a particular focus on Chinese and Canadian goods. While his previous tariff policies aimed to protect American industries and jobs, they also had unintended consequences – one of the most affected being the trucking industry. With new tariffs in place, what can truckers, freight companies, and logistics professionals expect? Rising Costs for Trucking Companies Tariffs increase the cost of imported goods, which often leads to higher prices for materials and products that trucking companies rely on. This includes: Truck parts and equipment: Many truck components, including tires, electronics, and engines, are sourced internationally. Tariffs could make these parts more expensive, leading to increased maintenance and repair costs. Read more on tariff impact on auto parts. Fuel prices: Tariffs on imported oil or refinery components can drive up fuel […]