Trump delays auto tariffs for 180 days
Trump will hold off on imposing auto tariffs for up to six months amid ongoing negotiations with Japan and the European Union, the White House announced Friday.
"United States defense and military superiority depend on the competitiveness of our automobile industry and the research and development that industry generates," the White House said in a statement.
"The negotiation process will be led by United States Trade Representative Robert Lighthizer and, if agreements are not reached within 180 days, the President will determine whether and what further action needs to be taken."
The decision postpones a major confrontation in Trump’s multipronged trade war. Following a Section 232 investigation by the U.S. trade representative's office, Friday marked a deadline for Trump to decide whether to impose auto tariffs on close U.S. allies, a major escalation.
On Monday, European Union trade chief Cecilia Malmstrom said the trading bloc was preparing retaliatory tariffs in the event that Trump decided to impose auto tariffs and was in the process of finalizing a list of U.S. goods to tax.
https://thehill.com/policy/finance/444223-trump-delays-auto-tariffs-for-180-days
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