Dan Moyer_ Use This One

Dan Moyer, senior analyst, commercial vehicles, commented, A 25% U.S. tariff on imports from Canada and Mexico – currently paused for trade negotiations through early March – and a 10% tariff on Chinese imports as of February 4 could significantly increase costs for North American Class 8 trucks and parts if fully implemented and enforced indefinitely. With roughly 40% of U.S. Class 8 trucks built in Mexico and around 65% of Canada’s Class 8 trucks built in the U.S., tariffs and likely counter-tariffs threaten to disrupt supply chains and drive up vehicle prices. Combined with upcoming U.S. EPA 2027 NOx regulations, tariffs could accelerate or delay fleet upgrades. While OEMs and suppliers may explore shifting production to mitigate potential tariff impacts, such changes are complex and will take some time to implement. Ongoing trade negotiations and policy uncertainties may already be influencing investment decisions and long-term planning for fleets, OEMs, and suppliers.

Dan Moyer
Senior Analyst, Commercial Vehicles