The Trump administration is set to impose 25% tariffs on heavy trucks and truck parts, as well as a 10% tariff on buses, and will expand a program to provide partial relief from tariffs on car and truck parts.

The Wall Street Journal’s Gavin Bade writes that the truck and bus tariffs take effect Nov. 1. Trucks and parts from Mexico and Canada that comply with the U.S.-Mexico-Canada Agreement won't see tariffs, according to an executive order, though buses will still receive a 10% tariff. Nations that have struck pacts with the U.S. to cap national security-related tariffs will receive lower tariff rates, officials said.

In a new program effective until 2030, manufacturers that produce cars and trucks in the U.S. will be allowed to apply for credits to offset tariff costs for parts worth up to 3.75% of the value of their American-made vehicles. An earlier version of the program was only effective until 2027 and the rebate value would have fallen to 2.5% in 2026.

The relief on parts comes as automakers face a confluence of supply-chain disruptions that are forcing production cutbacks, the Journal’s Ryan Felton and Christopher Otts write. Aluminum shortages and dueling export restrictions on chips and critical rare-earth materials are rattling an industry hampered by billions of dollars in tariff payments and a costly pivot away from electric vehicles.

• Trump’s team is quietly exempting dozens of products from tariffs and offering more carve-outs for trade deals. (WSJ)
• Trump said his proposed 100% additional tariffs on goods from China were "not sustainable." (WSJ)
• Treasury Secretary Scott Bessent said he and Chinese Vice Premier He Lifeng will meet this week.
• Volvo forecast the North American truck market to be slightly weaker next year, but Europe is expected to hold up better. (WSJ)
• Nikkiso and other Japanese manufacturers are reassessing supply chains and investing to boost productivity after the U.S. dropped tariffs on airplane parts made in Japan. (Nikkei Asia)
• Indian exports to the U.S. dropped by 20% in September from the previous month and were down 37.5% from May as new tariffs took effect. (BBC)

A UN-backed plan to decarbonize the shipping industry was put on ice amid fierce opposition from the Trump administration. The Journal’s Ed Ballard and Costas Paris write that, under the plan, shipowners would have to pay a fee for their carbon emissions in a bid to spur investment in low-carbon fuels and ships that run on them.

Nations had been scheduled to vote on ratifying the plan, but the ballot was postponed for a year after the U.S. threatened countries that endorsed the International Maritime Organization’s net-zero plan with retaliatory measures, including sanctions on officials, visa restrictions, port fees and blocking vessels from American ports.

• Hong Kong won’t charge port fees that target specific countries, despite China and the U.S. imposing new fees on each other’s vessels. (Bloomberg)

• China’s economy is experiencing “involution,” characterized by intense competition, deflation and overcapacity across various industries. (WSJ)
• Interfor, one of North America's largest lumber producers, said it will deepen its previously announced curtailments due to poor demand and economic uncertainty. (WSJ)
• The FAA will allow Boeing to increase 737 Max production to 42 planes per month, up from 38. (WSJ)
• CSX executives emphasized the railroad’s strategy as a standalone company and noted the regulatory hurdles of a big merger on an earnings call. (WSj)
• Chinese autonomous driving technology company Pony AI is collaborating with Stellantis to deploy robotaxis in Europe. (WSJ)
• BYD is recalling 115,783 hybrid and full-electric vehicles in China due to potential safety concerns identified by regulators. (WSJ)
• Porsche said it would start talks with CEO Oliver Blume about an early exit and with Michael Leiters to replace him. (WSJ)
• U.K. engineering company Smiths Group agreed to sell Smiths Interconnect to Koch’s Molex Electronic Technologies for $1.75 billion. (WSJ)
• A cargo airplane skidded off the runway while landing at Hong Kong, sending the aircraft into the sea and killing two ground staff. (WSJ)
• Two seafarers were missing and 24 rescued after a LPG carrier caught fire following an explosion in the Gulf of Aden. (Lloyd’s List)
• The global technology sector loses an estimated $16 billion a year because of logistics disruptions, according to a new report from DP World.
• Garment exporters could lose as much as $1 billion from a fire at Dhaka’s airport Saturday, according to a Bangladeshi industry group. (Al Jazeera)

Mark R. Long is editor of WSJ Logistics Report. Reach him at mark.long@wsj.com. Follow the WSJ Logistics Report team on LinkedIn: Mark R. Long, Liz Young and Paul Berger.