Trump Expands Auto Tariffs and Officializes New Truck Taxes
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Oct 17 2025Tariff Extension: President Trump has extended auto tariff relief for U.S. automakers until 2030 and formalized new duties on imported trucks, allowing manufacturers more time to adjust supply chains and manage costs.
Market Response: Following the announcement, automaker stocks, such as GM, saw gains, reflecting investor optimism about the extended tariff relief enhancing competitiveness for U.S. carmakers.
Historical Context: Similar tariff extensions have been made in the past under Trump's administration, which have positively influenced domestic automakers' market shares and cost management.
Impact on Cryptocurrencies: The tariff changes do not directly impact cryptocurrencies or decentralized finance markets, according to current data.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
