GLOBAL AUTO SECTOR WORRIED OVER POTENTIAL IMPACT OF USA SECTION 232 DUTIES
February 1st, 2019
THE SUBMISSION to the White House by the US Department of Commerce of a report recommending whether and how the USA should impose tariffs on automotive and related parts on national security grounds has provoked significant concern worldwide.
President Donald Trump has 90 days from February 17 (to mid-May) to decide on whether to impose the tariffs under section 232 of the Trade Expansion Act.
Europe’s automakers have reacted angrily, stressing that tariffs would hit US producers equally hard. “Imports of cars and auto parts from the European Union [EU] ...
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