Domestic Truck Maker Benefiting from Tariffs

30 days ago

Multiple Speakers

"I also want to mention Paccar. It was topping in the S&P 500, the NASDAQ 100 here at the close, up about 5.2%. It's a truck maker and it rallied after the President Trump announced new industry specific tariffs that include a 25% levy on heavy trucks. And Alice say this company will benefit because it makes a lot of its trucks right here in the United States."

The commentary points out that Paccar, a domestic truck maker, surged roughly 5.2% on news of a 25% tariff on heavy trucks. The emphasis on U.S.-based production underpins a bullish outlook amid government policy favoring domestic manufacturing.

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