PACCAR shares rise as Trump's tariffs on trucks favor US manufacturers
ReutersSep 26, 2025 10:02 AM
Shares of truck maker PACCAR PCAR.O jump 5% to $100 premarket
U.S. President Donald Trump on Thursday announced a 25% tariff on heavy-duty trucks, set to take effect next week
PCAR manufactures most of its trucks for the U.S. market domestically, giving it a competitive edge under the new tariff regime
Trump said the tariff aims to protect U.S. manufacturers from unfair foreign competition, highlighting potential gains for companies such as PACCAR's Peterbilt and Kenworth brands, and Daimler Truck's Freightliner.
As of last close, PCAR shares down 8% YTD
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