Why Paccar Stock Popped on Friday
Paccar (NASDAQ: PCAR) stock jumped 5% through 12:40 p.m. ET Friday, one day after President Donald Trump posted on Truth Social that "In order to protect our Great Heavy Truck Manufacturers from unfair outside competition, I will be imposing, as of October 1st, 2025, a 25% Tariff on all 'Heavy (Big!) Trucks' made in other parts of the World."
The president went on to explain his intention is to protect "manufacturers, such as Peterbilt, Kenworth, Freightliner, Mack Trucks, and others" from "outside interruptions," which seems to refer to competition from truck manufacturers based abroad.
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Source Fool.com
