Current tariffs on light duty vehicles are 2.5 percent.
Trump met Wednesday with Commerce SecretaryWilbur Ross and instructed him to consider an investigation into possible tariffs on imported vehicles and auto parts.
Trump is making the announcement as negotiations with Canada and Mexico over the North American Free Trade Agreement have stalled.
PresidentDonald Trump today ordered an investigation into the import of vehicles, including trucks, and auto-parts to determine their effects on the US' national security, a move that may lead to imposition of new tariffs on foreign manufactured automobiles. "Core industries such as automobiles and automotive parts are critical to our strength as a nation", the president said.
The Trump administration is considering new tariffs on imported cars in a move that trade analysts said was created to put pressure on Mexico during the final stages of negotiations for a new North American trade deal.
The United States imported 8.3 million vehicles in 2017 worth $US192 billion, including 2.4 million from Mexico, 1.8 million from Canada, 1.7 million from Japan, 930,000 from South Korea and 500,000 from Germany, according to USA government statistics.
How to download everything Apple knows about you
The law is also confusing to many , so much so that some lawyers say it may even apply to USA citizens visiting Europe . It's why some companies have made a decision to leave the European Union or stop serving their European customers.
"This has been discussed for some time, which makes me suspect that this is being leaked to put pressure on Mexico during NAFTA and on other parties seeking steel and aluminum exemptions", said lawyer Dan Ujczo of Dickinson Wright.
Turkey has chose to impose taxes on a number of US goods in response to steel and aluminum import tariffs imposed by US President Donald Trump. The administration previously launched a 10-month investigation under Section 232 of the Trade Expansion Act and determined that unfair steel and aluminum trade practices threatened national security. The provision authorizes the president to restrict imports and impose unlimited tariffs on national security grounds.
Daniel Ujczo, a trade lawyer with Dickinson Wright PLLC, said the tariff threat is likely meant to pressure Mexico into accepting US demands for NAFTA changes that would shift more auto production to the USA from Mexico.
Negotiators for the United States, Mexico, and Canada remain deadlocked over rules for granting duty-free status to vehicles under a new North American trade deal.
The president tweeted earlier on Wednesday about "big news" for the country's autoworkers. "But I will tell you in the end we win, we will win and will win big", Trump said before departing for NY.
Italy's economy is a hurdle for such an administration, with growth set to be the slowest in the euro area this year. The Sorbonne and New York University (NYU) said they could not find any trace of him in their databases.
Congo President Joseph Kabila and his Cabinet agreed Saturday to increase funds for the Ebola emergency to more than $4 million. More than 7500 doses are available in Congo, WHO said on Monday, and another 8000 doses will be available in the coming days.
Near the beginning of Deadpool 2 , the title character's girlfriend, Vanessa ( Morena Baccarin ), is murdered in front of him. But just in case it is, Ryan Reynolds and company chose to tie up a few loose ends with a post-credit scene for the ages.
Treasury Secretary Steven Mnuchin denied that his government is offering relief for ZTE in exchange for trade concessions. But it then went a step further to impose a seven-year ban on United States companies buying and selling ZTE products.
Online shopping accounts for 22% of non-food retail sales in the United Kingdom , according to the British Retail Consortium. M&S closures are imminent as the retail giant undergoes a huge shake up - and hundreds of people will lose their jobs.
As time ran out, Zuckerberg promised Facebook will respond to each of the lawmakers' questions in writing in the "next few days". Though some questions were sharp, there was no chance for the Europeans to follow up if they felt the answers fell short.
I've never obviously had an injury of this magnitude with this type of timetable for return and everything", said Wentz. While he's "antsy" to be healthy and ready to roll, he knows he must continue to capture these small wins every day.
Former world number five Eugenie Bouchard has already failed in her quest, retiring hurt against Dalila Jakupovic on Wednesday. Fourth-ranked Elina Svitolina, who retained her Italian Open title on Sunday, was also supportive of seeding Williams.
Kilauea volcano has destroyed almost 50 structures and forced more than 2,000 evacuations since its eruption began on May 3. On Monday, lava entered and then stalled on the property of a geothermal plant near one of Kilauea's new volcanic vents.
Unai Emery opens up on replacing Arsene Wenger
Arteta was the favourite last week and he expected to be given the opportunity, despite his lack of managerial experience. Before his time in France he spent three years at Sevilla , winning three consecutive Europa League trophies.
Venezuela expels top USA diplomat
Hundreds of thousands of people have fled the country to escape the growing deprivation. The United States immediately threatened to retaliate.
Kelly Sued for Sexual Assault by Former Girlfriend
According to the legal docs filed in NYC, Faith Rodgers says she met the singer in March 2017 after his show in San Antonio. The suit, which was filed in New York Supreme Court, states allegations of sexual battery, fraud and false imprisonment.
Tamil Nadu SSLC results out, 94.5% pass
At the time of the formal announcement of the result, the official website might be slow due to some technical glitches. Candidates can check their score by visiting the official website of Tamil Nadu state board; tnresults.nic.in.
Profits dive 62pc at M&S
It is attempting to reduce costs by at least £350 million, with it seeking to close 25% of its legacy Clothing & Home space. Marks & Spencer's group revenue was up 0.7 per cent at £10.7 billion, but pre-tax profit was down 62 per cent at £66.8m.
Brent oil back to $80 as supply concerns mount
US crude stockpiles are forecast to have declined by 2.8 million barrels last week, which would be the third straight weekly fall. More broadly, prices have firmed amid ongoing oil production cuts led by the Organization of Petroleum Exporting Countries.