When the Trump Administration announced tariffs of 25 percent on foreign made vehicles and auto parts earlier this year, it did so under section 232 of the Trade Expansion Act, which allows the executive branch to import tariffs on any industry that represents a national security threat. Ultimately, however, the administration will need to make a case for the security threat. Eventually, it will be up to Commerce Secretary Wilbur Ross to produce a case for invocation of section 232 in the form of a report. Under the timeline that exists for the process, Ross has until February to do so.
With the global auto industry – including the U.S. auto industry — warning of economic disaster should the tariffs be implemented, there are signs the White House is losing enthusiasm for them.
Read the full article at Cantin Automotive Insider.