WASHINGTON — The Trump administration is considering a plan that would impose new tariffs on imported vehicles on national-security grounds, according to industry officials briefed on broad outlines of the plan.
President Donald Trump has already used a legal provision known as Section 232 to impose global tariffs on imported steel and aluminum, and now the administration is considering starting a probe of imported cars under the same law, possibly applying tariffs at the end, the people said.
Trump has repeatedly floated the idea of tariffs on auto imports in meetings. The plan remains in its early stages, and is likely to face significant opposition from a number of interest groups, from foreign trading partners to domestic dealers of imported cars.
Applying the tariffs under Section 232, meanwhile, would require a lengthy investigation and report from the U.S. Commerce Department. The administration is currently considering tariffs of up to 25%, according to two people briefed on the plan.
An expanded version of this report appears on WSJ.com.[1]
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References
- ^ An expanded version of this report appears on WSJ.com. (www.wsj.com)
- ^ Fate of 12 North Korea waitresses strains Moon-Kim detente. (www.marketwatch.com)
- ^ Apple avoids Amazon’s beauty contest, searches secretly for new campus. (www.wsj.com)