Two senators propose delaying auto tariffs until study conducted

FAN Editor
Jones is ceremonially sworn in by Pence at the U.S. Capitol in Washington
U.S. Senator Doug Jones (D-AL) is ceremonially sworn in by ?Vice President Mike Pence? in the historic Old Senate Chamber, just after having been officially sworn in on the Senate floor at the U.S. Capitol in Washington, U.S. January 3, 2018. REUTERS/Jonathan Ernst

July 25, 2018

WASHINGTON (Reuters) – Two U.S. senators from states where foreign automakers build cars introduced bipartisan legislation on Wednesday that would bar the Trump administration from imposing up to 25 percent tariffs on imported cars and parts until the International Trade Commission conducted a comprehensive study of auto industry.

Senators Doug Jones, an Alabama Democrat, and Lamar Alexander, a Tennessee Republican, have said the tariffs could harm foreign automakers like Volkswagen AG <VOWG_p.DE>, Toyota Motor Corp and Daimler AG and the industry has said it could hike vehicle costs by $83 billion and cost hundreds of thousands of jobs. The legislation faces uphill odds in Congress. The Commerce Department is investigating whether auto imports pose a national security risk.

(Reporting by David Shepardson; Editing by Lisa Shumaker)

Free America Network Articles

Leave a Reply

Next Post

Trump, EU president make joint statement — live updates

Last Updated Jul 25, 2018 3:49 PM EDT Reporters are awaiting a joint statement in the White House press conference, featuring President Trump and European Commission President Jean-Claude Juncker. The two have been meeting at the White House Wednesday, amid tensions over trade.  Mr. Trump has threatened tariffs on auto […]