Automakers expect Trump will delay decision on imposing EU, Japan auto tariffs
Updated : November 13, 2019 07:23 AM IST
Major automakers think US President Donald Trump will again this week push back a self-imposed deadline on whether to put up to 25 percent tariffs on national security grounds on imported cars and parts from the European Union and Japan amid an ongoing trade war with China.
The anticipated delay — expected to be announced later this week — comes as foreign automakers are eager to highlight US investments to try to dissuade Trump from using tariffs that they argue could cost US jobs.
Germany's merchandise trade surplus with the United States — $69 billion in 2018 — remains a sore point with the Trump administration as does Japan's $67.6 billion US trade surplus last year — with two-thirds of that in the auto sector.