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Bloomberg
The Trump administration may not need to put tariffs on imported automobiles later this month after holding “good conversations†with automakers in the European Union, Japan and elsewhere, Commerce Secretary Wilbur Ross said.
In May, the White House agreed to delay new tariffs on imported vehicles and parts for six months as Washington engaged in negotiations with the European Union and Japan. While the US struck a deal with Japan last month that averted the tariffs, the EU has yet to reach an agreement with the Trump administration as the deadline nears.
“Our hope is that the negotiations we’ve been having with individual companies about their capital investment plans will bear enough fruit that it may not be necessary to put the 232 fully into effect, may not even be necessary to put it partly in effect,†Ross told Bloomberg Television, referring to the investigation under Section 232 of a 1962 trade law.