Trump Weighs Tariffs On Imported Cars

24 May, 2018, 09:09 | Author: Regina Silva
  • Trump met with top auto executives early last year in Michigan

Current tariffs on light duty vehicles are 2.5 percent.

Trump met Wednesday with Commerce Secretary Wilbur 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.

President Donald 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.

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"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.



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