Adjusting Imports of Medium- and Heavy-Duty Vehicles, Medium- and Heavy-Duty Vehicle Parts, and Buses Into the United States

ProclamationTariff raisedSigned 25/10/17Federal Register 25/10/22Open the original

Summary

President Trump imposes tariffs under section 232 on imports of medium- and heavy-duty vehicles, key parts, and buses. The duty is 25% on medium- and heavy-duty vehicles and key parts, and 10% on buses.

By industry

Tariffs & Reshoring1 trading day−0.9%p15 stocks5 trading days+3.8%p15 stocks20 trading days+1.7%p15 stocks
“impose a 25 percent ad valorem duty on MHDVs and key MHDVPs”

Day by day after the announcement

Tariffs & Reshoring stocks and the S&P 500 after the announcement, cumulative %
Day	Tariffs & Reshoring stocks	S&P 500
25/10/16	0.0%	0.0%
25/10/17	−0.1%	+0.8%
25/10/20	+4.0%	+1.8%
25/10/21	+3.3%	+1.7%
25/10/22	+0.4%	+1.2%
25/10/23	+5.6%	+1.8%
25/10/24	+6.6%	+2.6%
25/10/27	+7.5%	+3.9%
25/10/28	+8.8%	+4.2%
25/10/29	+8.6%	+4.0%
25/10/30	+6.3%	+3.7%
25/10/31	+6.6%	+3.4%
25/11/03	+6.4%	+3.5%
25/11/04	+2.4%	+2.3%
25/11/05	+3.8%	+2.8%
25/11/06	+2.7%	+1.8%
25/11/07	+4.5%	+1.8%
25/11/10	+4.4%	+3.3%
25/11/11	+2.6%	+3.5%
25/11/12	+5.6%	+3.5%
25/11/13	+3.7%	+1.9%

Korean stocks in these industries

Hyundai Steel 004020
POSCO Holdings 005490
SeAH Steel Holdings 003030

Trades in these industries around the announcement

Members' and insiders' trades in the industries' stocks, 30 days before to 30 days after.

Glencore International10% Owner
SellCentury Aluminum
Sell
Century Aluminum
CENX
$272.3M
9,000,000 sh
$272.3M
Filed 25/11/13
Traded 25/11/10
Glencore10% Owner
SellCentury Aluminum
Sell
Century Aluminum
CENX
$272.3M
9,000,000 sh
$272.3M
Filed 25/11/13
Traded 25/11/10
Glencore10% Owner
SellCentury Aluminum
Sell
Century Aluminum
CENX
$272.3M
9,000,000 sh
$272.3M
Filed 25/11/13
Traded 25/11/10
John R. McPhersonDirector
BuyCommercial Metals
Buy
Commercial Metals
CMC
$99.5K
1,712 sh
$99.5K
Filed 25/10/21
Traded 25/10/20
Phillip Michael HardestySVP
BuySunCoke Energy
Buy
SunCoke Energy
SXC
$60.9K
9,168 sh
$60.9K
Filed 25/11/12
Traded 25/11/07
Ralph M. Della Ratta Jr.Director
BuySunCoke Energy
Buy
SunCoke Energy
SXC
$50K
7,288 sh
$50K
Filed 25/11/07
Traded 25/11/06
Phillip Michael HardestySVP
BuySunCoke Energy
Buy
SunCoke Energy
SXC
$13.5K
2,032 sh
$13.5K
Filed 25/11/12
Traded 25/11/07
Phillip Michael HardestySVP
BuySunCoke Energy
Buy
SunCoke Energy
SXC
$5,304
800 sh
$5,304
Filed 25/11/12
Traded 25/11/07
John R. McPhersonDirector
BuyCommercial Metals
Buy
Commercial Metals
CMC
$587
10 sh
$587
Filed 25/10/21
Traded 25/10/20
Robert S. WetherbeeExecutive Chairman
Sell10b5-1 planAti
Sell10b5-1 plan
Ati
ATI
$2.7M
26,998 sh
$2.7M
Filed 25/11/20
Traded 25/11/18
Robert S. WetherbeeExecutive Chairman
Sell10b5-1 planAti
Sell10b5-1 plan
Ati
ATI
$2.4M
24,711 sh
$2.4M
Filed 25/11/20
Traded 25/11/18
Kimberly A. FieldsPresident, CEO and Director
Sell10b5-1 planAti
Sell10b5-1 plan
Ati
ATI
$1.8M
21,153 sh
$1.8M
Filed 25/10/16
Traded 25/10/15
Kimberly A. FieldsPresident, CEO and Director
Sell10b5-1 planAti
Sell10b5-1 plan
Ati
ATI
$1.7M
21,154 sh
$1.7M
Filed 25/10/08
Traded 25/10/06
Stephen D. LaxtonCFO and EVP
SellNucor
Sell
Nucor
NUE
$163.9K
1,082 sh
$163.9K
Filed 25/11/03
Traded 25/10/30
Kimberly A. FieldsPresident, CEO and Director
Sell10b5-1 planAti
Sell10b5-1 plan
Ati
ATI
$1.6M
20,312 sh
$1.6M
Filed 25/09/23
Traded 25/09/22
Allen C. BehrEVP
SellNucor
Sell
Nucor
NUE
$1.4M
9,042 sh
$1.4M
Filed 25/11/03
Traded 25/10/30
Miguel AlvarezSVP
SellSteel Dynamics
Sell
Steel Dynamics
STLD
$1.3M
8,251 sh
$1.3M
Filed 25/10/30
Traded 25/10/29
Blain TiffanyEVP - Sales & Marketing
SellKaiser Aluminum
Sell
Kaiser Aluminum
KALU
$813K
8,656 sh
$813K
Filed 25/11/10
Traded 25/11/07
Robert S. WetherbeeExecutive Chairman
Sell10b5-1 planAti
Sell10b5-1 plan
Ati
ATI
$805.9K
8,291 sh
$805.9K
Filed 25/11/20
Traded 25/11/18
Stephen D. LaxtonCFO and EVP
SellNucor
Sell
Nucor
NUE
$77.4K
510 sh
$77.4K
Filed 25/11/03
Traded 25/10/30