Mexican Media Brands
Trump Administration Delays Ruling on Car Tariffs
The Trump administration is delaying its decision about a controversial threat to impose new tariffs on all foreign vehicles.
#economics
Share
The Trump administration is delaying its decision about a controversial threat to impose new tariffs on all foreign vehicles.
The White House had expected to receive an assessment by the end of August from the U.S. Dept. of Commerce about justifying the duties in terms of defending national security.
But Commerce Secretary Wilbur Ross tells The Wall Street Journal that the report won’t be ready this month. He cites the need to review “zillions of pages” of data from carmakers who oppose the tariff.
Ross also says the administration’s attention has shifted. He cites growing optimism about the U.S. winning better trade deals with the world’s major car exporters. And he notes progress in negotiating an update of the North American Free Trade Agreement with Canada and Mexico.
The legal deadline for the Commerce Dept.’s analysis of a tax on all imported cars is mid-February. Many carmakers and auto suppliers have opined that a protracted tax would disrupt global supply chains and have dire negative effects on the American economy.
RELATED CONTENT
-
Tariffs on Autos: “No One Wins”
While talk of tariffs may make the president sound tough and which gives the talking heads on cable something to talk about, the impact of the potential 25 percent tariffs on vehicles imported to the U.S. could have some fairly significant consequences.
-
On Lincoln-Shinola, Euro EV Sales, Engineered Carbon, and more
On a Lincoln-Shinola concept, Euro EV sales, engineered carbon for fuel cells, a thermal sensor for ADAS, battery analytics, and measuring vehicle performance in use with big data
-
Mazda, CARB and PSA North America: Car Talk
The Center for Automotive Research (CAR) Management Briefing Seminars, an annual event, was held last week in Traverse City, Michigan.