Trump auto tariffs on hold; industry breathes a temporary sigh of relief
Wednesday November 14, 2018
Carmakers and consumers can breathe a collective sigh of relief that it’s business as usual — for now.
The Trump administration is holding off on imposing new tariffs on car imports as government leaders consider revisions to a report on the national security implications, according to a Bloomberg report.
President Donald Trump has threatened a 25-percent tax on imported cars and car parts that automakers and industry analysts have said would be costly to automakers and consumers.