Trump’s lonely fight to tax foreign automobile imports, explained.
President Donald Trump’s trade war is already current. currently he appearance poised to expand the battleground to foreign cars.
Ahead of trade talks with European Commission President Jean-Claude Juncker in the week, Trump aforesaid he's able to impose a twenty to twenty five % tax on foreign cars and automotive vehicle components if negotiations don’t go well. The Commerce is presently work whether or not automotive vehicle business imports threaten national security, a method Trump should undergo before imposing tariffs while not Congress’s approval.
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