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Global auto powers plotting response to Trump auto tariff threats

Global auto powers plotting response to Trump auto tariff threats

5 years ago
Anonymous $dicfOfy7s2

https://finance.yahoo.com/news/global-auto-powers-plotting-response-222045289.html

Several auto manufacturing powers have been talking to each other in recent days about their fears and a possible coordinated response to Trump's "Section 232" investigation, which he ordered on May 23, into whether auto imports are a threat to U.S. security, sources say.

The probe could be completed within weeks, although similar ones ordered last year that led to tariffs of 25 percent on steel and 10 percent on aluminum took about 10 months. The Commerce Department has 270 days to offer recommendations to the president after such a probe starts. He then has 90 days to act upon them.