White Home delays choice on imported auto tariffs choice


FILE PHOTO: Newly manufactured vehicles await export at a port in Yokohama, Japan, January 16, 2017. REUTERS/Toru Hanai

WASHINGTON (Reuters) – The White Home stated on Friday that President Donald Trump is delaying a choice by as much as six months on whether or not to impose tariffs on imported vehicles and components to permit for extra time for commerce talks with the European Union and Japan.

Trump confronted a Saturday deadline to decide on suggestions by the Commerce Division to guard the U.S. auto business from imports on nationwide safety grounds.

Trump directed U.S. Commerce Consultant Robert Lighthizer to pursue negotiations and report again inside 180 days. He has stated that some imported vehicles and vehicles have weakened the U.S. financial system and threaten to hurt nationwide safety.

The auto tariffs face sturdy opposition in Congress together with from many distinguished Republicans.

Reuters and different new retailers reported earlier this week that Trump was anticipated to delay the choice.

Automakers have strongly opposed the tariffs, saying they’d hike costs and threaten 1000’s of U.S. jobs.

Reporting by David Shepardson; Enhancing by Jeffrey Benkoe

Author: Maxwell C.

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