06:11 AM EDT, 10/20/2025 (MT Newswires) -- US President Donald Trump approved a 25% tariff on all imports of medium- and heavy-duty vehicles and parts, and 10% on buses starting Nov. 1, according to a Friday statement from the White House.

Trump also approved new credits for US medium- and heavy-duty vehicle manufacturers, allowing producers to apply for a 3.75% credit for vehicles that undergo final assembly in the US, the White House said.

The 3.75% credit will also apply to automobile manufacturers, according to the statement.