Commerce secretary: ‘too early’ to say if U.S. will impose auto tariffs

WASHINGTON (Reuters) – Commerce Secretary Wilbur Ross said Thursday it is “too early” to say if the United States will impose import tariffs of up to 25 percent on imported cars and parts — a suggestion that has been met with harsh criticism from the industry.

FILE PHOTO: U.S. Commerce Secretary Wilbur Ross testifies before a Senate Finance hearing on “Current and Proposed Tariff Actions Administered by the Department of Commerce” on Capitol Hill in Washington, U.S., June 20, 2018. REUTERS/Kevin Lamarque

The department opened a probe in May into whether imported autos and parts pose a national security risk and is holding a hearing on the investigation on Thursday, taking testimony from auto trade groups, many foreign governments and others.

Reporting by David Shepardson; Editing by Chizu Nomiyama



Learn More about trading signals

What do you think?

0 points
Upvote Downvote

Total votes: 0

Upvotes: 0

Upvotes percentage: 0.000000%

Downvotes: 0

Downvotes percentage: 0.000000%

WTO arbitrators to consider U.S. request for sanctions in Airbus case

Comcast concedes to Disney in bidding war for Fox assets