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News Link • Tariffs

Trump Considers 25% Tariffs on All Auto Imports as Matter of "National Security"

• themaven.net by Mike Mish Shedlock

The Wall Street Journal reports Trump Administration Weighs New Tariffs on Imported Vehicles.

The Trump administration is considering a plan that would impose new tariffs on imported vehicles on national-security grounds, according to industry officials briefed on broad outlines of the plan.

The plan remains in its early stages, and is likely to face significant opposition from a number of interest groups, from foreign trading partners to domestic dealers of imported cars.

Applying the tariffs under Section 232, meanwhile, would require a lengthy investigation and report from the U.S. Commerce Department. The administration is currently considering tariffs of up to 25%, according to those briefed on the plan.

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