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Truck imports that qualify for relief under the U.S.-Canada-Mexico trade agreement will be exempt from the charges, but not buses, according to the fact sheet.

Gothenburg, Sweden-based Volvo Group — parent company of Volvo Trucks North America and Mack Trucks — sold 9,622 trucks in North America, compared with 12,026 a year earlier.

Earlier this year, the two agreed to a truce in which Washington paused tariffs on Chinese goods while Beijing pledged to resume the flow of rare-earth magnets. That expires in November.

Bank of Canada Governor Tiff Macklem said he sees the Canadian labor market as “soft” despite recent data that showed the country added 60,400 jobs in September.

The Commerce Department is slated to announce a five-year extension for an arrangement that allows automakers to reduce what they pay in tariffs on imported car parts.

The manufacturer on Oct. 17 projected declining North American truck registrations for 2026, with CEO Martin Lundstedt citing rising uncertainty tied to President Trump’s planned duties.

The deficit for the fiscal year was $1.78 trillion, down from $1.82 trillion in 2024, a drop of 2%, according to figures released by the Treasury Department Oct. 16.

Presidential visits during oral arguments are rare, but President Trump considers this "one of the most important cases ever brought, because we will be defenseless," without tariffs.

Industry Minister Melanie Joly would consider Stellantis in “default” in light of federal and provincial government support extended to the automaker.

Volume is expected to slow in coming months as President Trump’s tariffs bite into profit margins and impact consumer prices, and uncertainty over the U.S.-China trade war increases.