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Trump delays tariffs on car imports | Trump delays tariffs on car imports |
(30 minutes later) | |
US President Donald Trump has delayed a decision on whether to impose tariffs on imports of cars and car parts. | US President Donald Trump has delayed a decision on whether to impose tariffs on imports of cars and car parts. |
The White House has put back the decision by six months to allow more time for trade talks with the European Union and Japan. | The White House has put back the decision by six months to allow more time for trade talks with the European Union and Japan. |
Tariffs of up to 25% on imported cars and car parts were under consideration. | Tariffs of up to 25% on imported cars and car parts were under consideration. |
The Commerce Department had been looking into whether imports were detrimental to US national security. Its findings were not released. | The Commerce Department had been looking into whether imports were detrimental to US national security. Its findings were not released. |
However, in a statement the President said he agreed with the study's finding that imported cars and trucks were "weakening our internal economy". | |
The President has in the past taken an aggressive attitude towards cars made outside the US. | |
In 2017, he warned car makers that if they built cars in Mexico for export to the US then they would attract a 35% tax. | |
Most of the major car firms have plants in Mexico and the industry has warned that tariffs would result in higher prices and threaten jobs in the US. |