US Department of Commerce initiates Section 232 investigation into auto imports

26 May, 2018, 22:49 | Author: Carlos George
  • Trump administration launches vehicle import probe

Trudeau also predicted talk of tariffs would likely disappear if slow-moving negotiations to update the North American Free Trade Agreement - now stuck on autos issues - are successful. "But we know that this is very much linked to ongoing negotiations around moving forward on NAFTA".

"Raising taxes on Americans who choose to buy imported cars or trucks is a bad idea", said Republican Sen.

Tariffs that hurt Canada will hurt the competitiveness of the US auto industry as well, Trudeau said, adding some automobile pieces cross the border six times before they end up in an assembled vehicle.

Japan's minister of Economy, Trade and Industry, Hiroshige Seko, said Japan, which accounts for about 40 percent of U.S. vehicle imports, will continue to remind United States officials that any trade measures must conform to the rules of the World Trade Organization.

"We are going to make sure the pipeline gets built and we are going to do it responsibly and in a way that upholds the national interest and we're working very hard to do just that and when we have more to say, we will say more", he said. A lot of cars and parts are imported to the USA, which means American consumers will pay more.

"I don't see how bullying them on auto tariffs will change that".

"Our intelligence and security agencies came back with a very clear recommendation that they didn't feel the transaction should proceed for national security reasons", Trudeau said, declining to elaborate on the reasoning.

Labor unions, however, generally favored the tariffs as supporting USA manufacturing jobs.

He said exports of German cars to the United States fell by a quarter between 2013 and 2017, to 494,000.

Valliere said Trump's auto threat could backfire and leave the USA isolated.

The Star Wars Boba Fett Movie Is Happening - James Mangold to Direct
Lucasfilm is supposedly developing a bunch of other movies based on the Star Wars universe as well. It will be directed by James Mangold , who helmed the critically acclaimed Wolverine film Logan .

Charged With Rape, Weinstein Posts $1 Million Bail and Surrenders Passport
The actress Rose McGowan , who accused Mr Weinstein of rape, told the BBC it had been an "amazing day for his survivors". Disgraced producer Harvey Weinstein has been released on $1 million bail after being charged with rape and sexual abuse.

Sofia Summit Declaration, Western Balkans Need To Fight Crime & Corruption
Macron has emerged as one of the European Union leaders most wary about embarking on more enlargement. Instead, the highlights pointed in the direction of security, digital economy and investment.

"From Canada's side, higher tariffs mean higher prices and also less demand", she said.

The threat is typical of Trump's "brinkmanship" negotiating style, she added, and not necessarily indicative of his intentions.

The U.S. remains far apart on the talks over rewriting the trade pact with Canada and Mexico, with the discussions at an impasse over rules for auto production. The initiation of the trade investigation could be seen as an attempt to gain leverage in the talks with the two USA neighbours. "Access to worldwide markets is critical for the motor vehicle parts industry to remain competitive".

This month, analysts said the three parties conceded that the talks were likely to continue until 2019.

Trump brought a little-used weapon to his fight to protect auto workers: Section 232 of the Trade Expansion Act of 1962.

According to the U.S. Commerce Department, a national security probe into car and truck imports would inspect if vehicle and auto parts imports are pressurizing the domestic auto industry.

President Trump issued tariffs of 25 percent against imported steel and 10 percent against imported aluminum March 8, though he later allowed various exemptions. Now that Trump has broken the taboo, critics fear that other countries will use it, too, to impose sanctions.

"A trade war with our allies would not only be terribly damaging to our relationships overseas, but it would make imported cars more expensive, diminish selection and variety, and put at risk the tens of thousands of US manufacturing jobs responsible for building foreign-brand cars here at home". But he questioned whether it would work.

"I welcome the fact that they're investigating this and they're even considering the tariffs, if they need to be done", Williams said.

In an interview with Reuters, Trudeau said that while U.S. "We will be able to better grasp the potential impact on the local automotive industry after the USA government provides more information on the direction of its investigation".

Recommended:



Popular

Iran has put forward the new European Union ultimatum
Khamenei also rejected any new negotiations over Iran's missile programme, which was not covered by the nuclear deal. After Friday's meeting, Iranian Deputy Foreign Minister Abbas Araqchi told reporters discussions would continue.

Serena Williams 'very likely' to get seeded at Wimbledon
Maria Sharapova is back in the top 30 and guaranteed a seeded place when the 2018 French Open starts on Sunday. Before then she had even played while pregnant much to the surprise and awe of fans everywhere.

Armed civilian kills man who opened fire on U.S. restaurant patrons
Before being killed by the two civilians, Tilghman fired shots into Louie's Grill & Bar near Lake Hefner on Thursday. Police say investigators are looking into the possibility that Tilghman suffered from a mental illness.

Monaco to reduce Red Bull's engine deficit
The tradition saw women dressed in uniform walking onto the grid shortly before the race start, holding up placards. At a press conference in Monaco on Wednesday, F1 ace Hamilton backed the move for models to return to the grid.

Teacher who stopped IN school shooting has local ties
The last day of school at Noblesville West Middle School, which has about 1,300 students, is June 1, WTHR reported . While authorities have not confirmed the name of the suspect, they provided details on what led up to the shooting.

Ireland votes to legalise abortion in landslide ‘Yes’ victory: exit polls
Since 2013, terminations have only been allowed in Ireland when the life of the mother is at risk, including from suicide. Save The 8th spokesman McGuirk appealed for tolerance and respect from "those who find themselves in the majority now".

Subtropical Storm Alberto moves toward Gulf of Mexico
Clusters of thunderstorms with heavy rain are now aiming at the western two-thirds of Cuba, and making for a wet South Florida. The area has already received a significant amount of rainfall this month - including tremendous downpours Thursday evening.

John Terry could miss games against Chelsea if Villa gain promotion
Of course, all of this will be moot should Villa fail to defeat Fulham in the Championship playoff at Wembley on Saturday. In a quiet way, he is not a ranter and a raver, he is not one who puts heads through doors.

Trump teases that summit with Kim may be back on
Moon and Kim met at Panmunjom, the truce village in the demilitarized zone and the site of their earlier meeting. They announced they would be holding a candlelit vigil Friday evening in response to Trump canceling the summit.

'They were exhausted': Royal photographer spills
But when it came to posing Harry and Meghan with the children, his talent and experience were not enough. Lubomirski captured the wedding in a ideal way - befitting of what a joyous occasion it was.