Trump To Delay Auto Tariff Decision For Another Six Months
Sumaira FH Published November 12, 2019 | 01:59 PM
U.S. President Donald Trump is expected to announce this week that he will delay a decision on whether to impose additional tariffs on imported autos from European Union (EU) for another six months, local media reported
WASHINGTON, (APP - UrduPoint / Pakistan Point News - 12th Nov, 2019 ) :U.S. President Donald Trump is expected to announce this week that he will delay a decision on whether to impose additional tariffs on imported autos from European Union (EU) for another six months, local media reported.
Citing an unnamed person familiar with the decision, Politico reported on Monday that Trump is expected to announce another six-month delay of tariffs on EU autos, which would avoid a new bruising dispute with one of the United States' biggest trading partners.
But the person also cautioned that there is always uncertainty surrounding Trump's final determination when it comes to trade and tariffs.
Trump in May put off the decision on the auto tariffs for 180 days, while instructing U.S. Trade Representative Robert Lighthizer to negotiate agreements with the EU, Japan and other trading partners to "address the national security threat" posed by imported foreign autos and auto parts.
If the negotiation process does not yield agreements within 180 days, Trump will determine what further action needs to be taken.
The deadline is Wednesday.
Citing people familiar with the deliberations, The New York Times also reported on Monday that Trump is widely expected this week to delay the auto tariffs for several months, "because there is little appetite in the administration to move ahead with them now." Lighthizer told reporters in September that he did not expect Trump to impose tariffs on imported Japanese autos and auto parts, after the two countries reached a deal on digital trade and tariff reduction for agricultural and industrial products.
However, trade talks between the United States and the EU have not produced a deal, mainly because the EU refused to put agriculture on the table in the negotiations, according to Politico.
Global auto makers, suppliers and industry groups have urged the Trump administration not to impose tariffs on imported auto and auto parts, warning that would damage global supply chains and hurt American consumers and the overall U.S. economy.
Related Topics
Recent Stories
HEC reviews curricula for environmental sciences degree programme
ICC Asia looking forward to an action-packed Asia Cricket Week
Yuvraj Singh named ICC Men’s T20 World Cup 2024 Ambassador
Greece hands Olympic flame to 2024 Paris Games hosts
Two Kyiv hospitals evacuating over feared Russian strikes
World must act on neurotech revolution, say experts
Charles & Catherine's cancer diagnoses
Champions Alcaraz and Sabalenka through in Madrid Open
King Charles to resume some public duties during cancer treatment: palace
US defense chief announces $6 bn in security aid for Ukraine
Heavy rains cause damage to Spezand-Taftan railway track
Woman stabbed in Israel, attacker killed: police
More Stories From World
-
Junta-led Burkina Faso suspends BBC, Voice of America for two weeks
10 minutes ago -
Two Kyiv hospitals evacuating over feared Russian strikes
30 minutes ago -
World must act on neurotech revolution, say experts
30 minutes ago -
Charles & Catherine's cancer diagnoses
45 minutes ago -
King Charles to resume some public duties during cancer treatment: palace
35 minutes ago -
US defense chief announces $6 bn in security aid for Ukraine
35 minutes ago
-
Woman stabbed in Israel, attacker killed: police
42 minutes ago -
Israeli-fired unexploded bombs could take 14 years to clear: UN
35 minutes ago -
US announces $6 bn in security aid for Ukraine
29 minutes ago -
Pakistan’s National Day Reception held in Colombo
29 minutes ago -
Erdogan's White House talks with Biden on May 9 postponed: Turkish official
29 minutes ago -
Spanish PM keeps country guessing on his future
29 minutes ago