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Trump Delays Auto Tariffs Amid Other Trade Fights


Added 05-17-19 09:40:03am EST - “President Trump stepped back from opening yet another front in a global trade war by delaying tariffs on global automobiles until later this year.” - Nytimes.com

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Posted By TheNewsCommenter: From Nytimes.com: “Trump Delays Auto Tariffs Amid Other Trade Fights”. Below is an excerpt from the article.

WASHINGTON — President Trump on Friday stepped back from opening another front in his global trade war, delaying for six months a decision on whether to impose tariffs on foreign cars and auto parts.

The delay gives a temporary reprieve to global automakers and their suppliers, which had been bracing for punishing tariffs on cars sent into the United States. The decision, which will primarily benefit car exporters like Germany and Japan, comes as the White House struggles to resolve an escalating trade fight with China.

Still, the move does not signal a final cease-fire in the trade war. The president has seized on tariffs as a source of leverage in negotiations with trading partners like Japan and the European Union, and he is likely to hold out the possibility of tariffs as he pushes for trade pacts that benefit the United States.

Friday morning’s announcement said that conditions for the American industry must be improved by reducing imports and that the United States Trade Representative would pursue negotiations to address the situation with the European Union, Japan and potentially other countries.

The delay gives the administration until November to determine whether to impose the tariffs, which could be as high as 25 percent.

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