Radius Report: October Tariff Recap

October brought a wave of trade and tariff activity as global markets adjusted to new U.S. measures and early signals of easing tensions with China. Here’s a look at the key developments shaping international logistics this month.

Heavy-Duty Truck Tariffs Set for November:

Mid-month, the U.S. Administration announced a 25% tariff on medium and heavy-duty truck imports and a 10% duty on buses, citing national security under Section 232 of the Trade Expansion Act. The tariffs, effective November 1, target foreign-made vehicles and components entering the U.S. market.

Impact: Importers of truck parts and chassis are bracing for cost increases and potential sourcing shifts as they evaluate North American alternatives.

Timber & Furniture Duties Imposed:

Earlier in October, the U.S. enacted 10–25% tariffs on timber, lumber, and derivative wood products, including furniture, kitchen cabinets, and vanities. These measures aim to support domestic producers while tightening control on undervalued imports.

Impact: Importers in the construction and furniture sectors are facing higher landed costs and potential reclassification needs for affected HTS codes.

U.S.–China Trade Talks Signal Progress:

In late October, President Trump and Chinese President Xi Jinping met in South Korea, leading to the announcement of a 10% reduction on existing U.S. tariffs on Chinese imports. China agreed to strengthen enforcement on fentanyl production and suspend export licensing for rare earth metals.

Impact: This marks a modest step toward de-escalation, with both sides also agreeing to pause fees on Chinese-built vessels while negotiating shipbuilding subsidies.

Framework Agreements with Vietnam & Thailand:

The Office of the U.S. Trade Representative (USTR) announced new framework deals aimed at reciprocal and balanced trade. Vietnam will see select products move to 0% tariffs, while Thailand is expected to eliminate tariffs on nearly 99% of exports to the U.S.

Impact: Southeast Asia continues to emerge as a sourcing alternative for importers diversifying from China.

Radius Insight:
The landscape remains dynamic — but every shift brings opportunity. Whether it’s adjusting sourcing strategies, reviewing tariff classifications, or navigating compliance updates, Radius International is here to keep clients informed and shipments moving.