Paccar’s Stock Slides as Trade Policy Risks Weigh on Volume Ranks 487th in Market Activity

On July 29, 2025, Paccar (PCAR) fell 1.15% with a trading volume of $0.22 billion, a 26.74% decline from the previous day’s volume, ranking 487th in market activity. The stock’s performance reflects ongoing concerns about trade policy uncertainties impacting its North American truck market.

Paccar’s CEO Preston Feight highlighted risks from evolving U.S. tariff policies during the Q2 earnings call, noting a projected $75 million Q3 impact from existing tariffs. The company emphasized that clarity around Section 232 investigations into medium- and heavy-duty truck parts could stabilize market confidence. Feight also warned of potential additional costs from a proposed 50% copper tariff under the same framework, which could affect supply chain costs. Despite 90% of U.S.-delivered trucks being domestically produced, global sourcing of components from Mexico, Canada, and Asia complicates exposure to potential duties.

Strategic adjustments, including a tariff surcharge in the U.S. and Canada and supplier collaboration to maximize U.S.-Mexico-Canada Agreement (USMCA)-certified parts, underscore Paccar’s proactive approach. However, Q2 deliveries dropped by 9,100 units, and truck gross margins faced pressure as customers delayed decisions amid regulatory ambiguity. Feight noted that clarity on tariff structures in Q3 could drive customer confidence and positively impact demand.

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