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Trump calls for new tariffs on imported cars and trucks, escalating trade wars
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| Contributor | RP |
| Last Edited | RP May 23, 2018 08:51pm |
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| Category | Rule Change |
| Author | Gregory Korte |
| News Date | Thursday, May 24, 2018 01:30:00 AM UTC0:0 |
| Description | President Trump called for tariffs on imported cars, trucks and auto parts Wednesday, potentially expanding to the auto industry the same protectionist measures he's threatened on aluminum and steel.
Trump said he asked Commerce Secretary Wilbur Ross to investigate whether the auto imports are a threat to national security. If so, he would be able to institute tariffs under Section 232 of the Trade Expansion Act of 1962 — one of the strongest trade tools in the president's arsenal.
"Core industries such as automobiles and automotive parts are critical to our strength as a nation," Trump said in a short statement released by the White House Press Office. |
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