Trump on Friday delayed a decision to impose duties or quota restrictions on imports of automobiles and auto parts, but he said he still has the right to slap them in another six months
President Donald Trump on Friday delayed a decision to slap duties or quota restrictions on imports of automobiles and auto parts, but said he still has the right to impose them in another six months as his administration pursues trade deals with the European Union and Japan.
A 25 percent tariff on all autos and auto-part imports would be one of Trump’s largest trade actions to date, second only to the tariffs he has imposed on $250 billion worth of Chinese goods. The United States imported $174 billion worth of passenger cars, $157 billion of parts and $43 billion of other vehicles in 2018.
A group representing Ford, General Motors and Fiat Chrysler applauded Trump's decision to delay any action.
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