Trump mulls tariffs on car imports ‘to protect national security’

first_img PlayThe Rolls-Royce Boat Tail may be the most expensive new car everPlay3 common new car problems (and how to prevent them) | Maintenance Advice | Driving.caPlayFinal 5 Minivan Contenders | Driving.caPlay2021 Volvo XC90 Recharge | Ministry of Interior Affairs | Driving.caPlayThe 2022 Ford F-150 Lightning is a new take on Canada’s fave truck | Driving.caPlayBuying a used Toyota Tundra? Check these 5 things first | Used Truck Advice | Driving.caPlayCanada’s most efficient trucks in 2021 | Driving.caPlay3 ways to make night driving safer and more comfortable | Advice | Driving.caPlayDriving into the Future: Sustainability and Innovation in tomorrow’s cars | Driving.ca virtual panelPlayThese spy shots get us an early glimpse of some future models | Driving.ca The Rolls-Royce Boat Tail may be the most expensive new car ever The department in May launched an investigation into the national-security impact of car imports under section 232 of the 1962 Trade Expansion Act—the same provision Trump used to justify steel and aluminum tariffs earlier this year.The probe covers imports of automobiles, including SUVs, vans and light trucks, as well as auto parts. Commerce has until February to report its findings to the president, who has final say on any tariffs.A Commerce spokesman declined to comment on an ongoing investigation, while White House communications staff had no immediate response.At public hearings in July, companies and governments from Europe to Asia warned that duties on car imports would hurt the U.S. economy, disrupt the global automotive industry, and widen the rift between America and its closest allies.There’s no indication when Trump will make a final decision on autos tariffs but he has repeatedly signaled that he’s getting impatient with his trading partners, including the European Union and Japan. Trump has threatened a 25 percent tariff on imported cars.RELATED Buy It! Princess Diana’s humble little 1981 Ford Escort is up for auction An engagement gift from Prince Charles, the car is being sold by a Princess Di “superfan” ‹ Previous Next › Created with Raphaël 2.1.2Created with Raphaël 2.1.2 President Donald Trump listens during a campaign rally at Florida State Fairgrounds Expo Hall, Tuesday, July 31, 2018, in Tampa, Fla.  Evan Vucci / AP RELATED TAGSNon-LuxuryNew VehiclesNon-Luxury The White House is circulating a draft report by the U.S. Commerce Department over whether to impose tariffs on automobile imports to protect national security, three people familiar with the matter said.President Donald Trump is scheduled to meet with senior members of his trade team on Tuesday to discuss how to proceed on the potential tariffs, two of the people said.Speaking on condition of anonymity to discuss internal deliberations, they didn’t give any insight into Commerce’s conclusions. Trending Videoscenter_img See More Videos We encourage all readers to share their views on our articles using Facebook commenting Visit our FAQ page for more information. COMMENTSSHARE YOUR THOUGHTS Trending in Canada advertisement Ford says Trump tariffs make U.S. steel most expensive in the worldvolkswagen/auto-news/news/trump-snubs-eu-proposal-on-cutting-tariffs-clobbering-carmakers”>Trump snubs EU proposal on cutting tariffs, clobbering carmakersEU Commission President Jean-Claude Juncker signaled Monday that Europe’s avoidance of American car tariffs might last only until year-end, the latest indication of the fragility of the trans-Atlantic truce reached in the summer.At a press conference last week, Trump expressed his frustration about what he sees as an unfair auto trading relationship with Japan. “Say hello to Shinzo,” Trump told a Japanese reporter, referring to Japanese Prime Minister Shinzo Abe. “I’m sure he’s happy about tariffs on his cars.”“I tell him all the time that Japan does not treat the United States fairly on trade. They send in millions of cars at a very low tax. They don’t take our cars. And if they do, they have a massive tax on their cars,” Trump added.South Korea also has still not gotten assurances from the White House that it would be excluded from any potential auto tariffs even after it struck a revised trade deal with the Trump administration, two people familiar with the matter said. The trade pact negotiated by Canada and Mexico to replace the North American Free Trade Agreement includes side agreements that would exempt the countries from any duties on cars. Annual vehicle exports up to 2.6 million units from each nation won’t be impacted by U.S. tariffs on foreign cars. last_img

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