Trump plans to delay auto tariffs for six months: Industry sources

  • 📰 The Straits Times
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 63%

Business News News

Business Business Latest News,Business Business Headlines

NEW YORK (AFP) - President Donald Trump plans to hold off on imposing steep tariffs on imported autos while the US pursues agreements with key trading partners, industry sources told AFP on Wednesday (May 15).. Read more at straitstimes.com.

NEW YORK - US President Donald Trump plans to hold off on imposing steep tariffs on imported autos while the US pursues agreements with key trading partners, industry sources told AFP on Wednesday .

Facing a deadline to announce a decision by Saturday on whether to implement the tariffs based on national security concerns, the sources said Mr Trump would hold off as negotiations proceed. CNBC and other media earlier on Wednesday cited government sources also saying that Mr Trump was expected to try negotiations before imposing any new import taxes.

EU officials have repeatedly said they expect the US to abide by the agreement to hold off on any new tariffs.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 8. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Trump slaps new US sanctions on Iran's metals industryWASHINGTON: President Donald Trump on Wednesday (May 8) ordered new sanctions on Iran, this time targeting the Islamic Republic's export revenues ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Trump slaps new US sanctions on Iran's metals industryWASHINGTON: President Donald Trump on Wednesday (May 8) ordered new sanctions on Iran, this time targeting the Islamic Republic's export revenues ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Trump tariffs on China likely to cost 400,000 manufacturing jobs, US industry group says[WASHINGTON] US President Donald Trump's higher tariffs on Chinese imports will have 'dire consequences' for US equipment manufacturers and worsen prospects for American farmers and others already reeling from lower commodity prices, an industry trade group warned on Friday. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »