U.S. Auto Tariffs Assessment Due This Week
A report widely expected to conclude that imported cars and parts are a threat to U.S. national security is due no later than Feb. 17 from the Dept. of Commerce.
#economics
A report widely expected to conclude that imported cars and parts are a threat to U.S. national security is due no later than Feb. 17 from the Dept. of Commerce.
The analysis is likely to present an array of options to President Donald Trump, who ordered the assessment as part of his crusade to balance import-export rules among major auto-producing countries, Automotive News reports.
The report is expected to describe a range of options that includes tariffs on all imported cars and auto parts, a blend of import quotas and tariffs, taxes only on vehicles from specific countries or levies focused on specific types of vehicles and parts.
Whether the White House will act on any of the recommendations isn’t clear. Opposition to broad tariffs on cars is strong in both political parties. And unlike the U.S. tariffs on imported steel and aluminum, domestic carmakers haven’t asked for trade protections.
AN notes that many observers believe Trump would like to avoid the political and economic consequences of tariffs but wants to use the threat to impose them as leverage to prod such markets as Japan and Europe into lowering what he describes as unfair barriers to American-made vehicles.
RELATED CONTENT
-
What Suppliers Need to Know Right Now
This is a time of reckoning for the auto industry, says Paul Eichenberg. He has some recommendations as to how companies can make their way through it.
-
On Quantum Navigation, EVs, Auto Industry Sales and more
Sandia’s quantum navi, three things about EVs, transporting iron ore in an EV during the winter, going underwater in an EV (OK, it is a sub), state of the UK auto industry (sad), why the Big Three likes Big Vehicles, and the future of logistics.
-
All About the 2018 Honda Accord
The common wisdom seems to be that midsize cars have pretty much had it in the U.S. new car market.