U.S. Holds Off on Trump’s Car Tariffs After Trade Meeting, Sources Say
- President threatened up to 25 percent duties on foreign cars
- Commerce investigating national security impact of car trade
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The Trump administration will hold off for now on imposing new tariffs on automobile imports as top officials weigh revisions to a report on the national security implications, according to two people familiar with the matter.
President Donald Trump met with his top trade advisers on Tuesday at the White House to discuss a draft report on a Commerce Department investigation into the impact of car imports. The people, who spoke on condition of anonymity because the meeting wasn’t publicly announced, said the administration wasn’t ready to act on tariffs and that the report would be subject to further changes.