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President Trump has posted a new announcement on Truth Social, the social media platform. He wrote:
“In order to protect our Great Heavy Truck Manufacturers from unfair outside competition, I will be imposing, as of October 1st, 2025, a 25% Tariff on all “Heavy (Big!) Trucks” made in other parts of the World. Therefore, our Great Large Truck Company Manufacturers, such as Peterbilt, Kenworth, Freightliner, Mack Trucks, and others, will be protected from the onslaught of outside interruptions. We need our Truckers to be financially healthy and strong, for many reasons, but above all else, for National Security purposes!”
How Will Trump’s Statement Affect the Stock Market?
This latest post has the potential to affect the stock market. That’s because Donald Trump’s announcement of a 25% tariff on imported heavy trucks could lead to a positive impact on the stock prices of domestic truck manufacturers like Paccar, as they may benefit from reduced competition. The Vanguard Industrials ETF, Industrial Select Sector SPDR Fund, and iShares U.S. Industrials ETF, which include holdings in industrial and manufacturing sectors, might experience increased volatility as investors react to potential shifts in market dynamics and trade relations. Overall, the tariffs could lead to a short-term boost for domestic manufacturers, but the long-term effects on the broader industrial sector remain uncertain.
Here are some of the stocks that might be affected:
Paccar ((PCAR)),
Vanguard Industrials ETF ((VIS)),
Industrial Select Sector SPDR Fund ((XLI)),
iShares U.S. Industrials ETF ((IYJ)).