Move will allow time for negotiations on trade in automobiles and parts under national security investigation. Announces agreement removing aluminum and steel tariffs on Canada and Mexico.
President Trump issued a proclamation directing his Administration to pursue negotiations to protect the U.S. automobile industry. At the President’s direction, the United States Trade Representative will immediately pursue negotiations to address the national security threat caused by imports of foreign-made automobiles and parts and delay imposition of higher tariffs. The potential increased tariffs would lead to higher parts prices.
Last year, the Department of Commerce launched a Section 232 National Security Investigation… read more on the CollisionWeek website