Daimler Truck Impacted by 25% Tariff on Big Trucks

about 1 month ago

Chloe Millay

"So, he announced 25% tariffs on big trucks as of October 1st, which is obviously less than a week away now. So, that drove Daimler Truck down as well as Stratton. Although Volvo, the other kind of big name in that truck sector, was higher this morning..."

The imposition of a 25% tariff on big trucks is having an immediate impact on stocks like Daimler Truck, as evidenced by its decline in pre-market trading. The uncertainty surrounding the implementation details of these tariffs suggests investors should be cautious with exposure to companies in this segment, at least in the near term.

Related Stocks