Tariff Announcement Gives PACCAR Stock a Lift
Texas-based trucking stock PACCAR Inc (NASDAQ:PCAR) is on the rise today, up 5% at 102.30, given a boost by the latest tariff updates. President Trump announced a 25% levy on imported heavy trucks starting October 1, calling for the protection of several "great heavy truck manufacturers," including Peterbilt and Kenworth, both of which are owned by Paccar. This comes after August U.S. truck sales dropped to their lowest level since January 2022. On t ...