Business – TIME: President Trump Has Decided Not to Impose New Tariffs on Cars and Auto Parts – for Now

Business – TIME Current & Breaking News | National & World Updates

President Trump Has Decided Not to Impose New Tariffs on Cars and Auto Parts – for Now May 17th 2019, 13:29, by Associated Press (WASHINGTON) — President Donald Trump is delaying any decision to impose auto tariffs on car and auto part imports, deciding against ratcheting up trade disputes or impacting talks with European nations and Japan. Trump announced his decision to delay for up to six months in a proclamation issued by the White House on Friday. He was required to make a decision on Commerce Department recommendations aimed to protect the U.S. auto industry, based on national security concerns. Trump directed his trade team to pursue negotiations and address the impact that imports are having on the U.S. auto industry and its ability to invest in new research and development that he says is critical to the nation’s security. Trump says he’ll decide whether to take further action in 180 days. Media files: President Donald Trump speaks about modernizing the immigration system in the Rose Garden of the White House, Thursday, May 16, 2019, in Washington.

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