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Trump expected to delay tariffs on imported European vehicles

Bloomberg
Bloomberg11/12/2019 09:12 AM GMT+08  • 2 min read
Trump expected to delay tariffs on imported European vehicles
(Nov 12): The Trump administration may punt a decision on whether to slap tariffs on European automobiles as efforts of German automakers to highlight their new investments have helped in the talks, people familiar with the White House deliberations said.
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(Nov 12): The Trump administration may punt a decision on whether to slap tariffs on European automobiles as efforts of German automakers to highlight their new investments have helped in the talks, people familiar with the White House deliberations said.

In May, President Donald Trump gave himself a deadline of mid-November to decide whether to impose levies on cars and auto parts from the European Union. The EU threatened to retaliate with tariffs on US$39 billion (US$53 billion) of American goods if the president carried out his threat.

Trump is expected to extend this week’s deadline again, according to people familiar with the plans, but the president has not yet made a final decision.

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