Automotive Companies Around The World, Waiting For Trump's Definition

Trump was informed before the expiration of the self-imposed deadline, which he set in May, to decide whether to extend the review period again or apply levies that automakers have warned could cost jobs and dramatically raise vehicle prices.

"I will make a decision relatively soon. I was fully informed and will make a decision relatively soon," Trump said Wednesday.

Executives of large automakers told Reuters they believe Trump will not impose new taxes on vehicles in the European Union, Japan or other regions in the midst of the trade war with China.


The White House initially launched its investigation into foreign vehicles in May 2018. Six months ago Trump agreed with a government study that showed that some imported cars and trucks are "weakening our internal economy" and threatening to damage national security, but He did not name cars or specific parts.

Trump could make an announcement on Friday, but nothing is final until he signs it, government officials said.

The Republican president has been especially critical of foreign-made vehicles and pressured US and foreign automakers to build more vehicles in the United States.

A postponement of tariffs could leave the issue in the midst of the 2020 presidential campaign and experts say it could be more difficult for Trump to impose high levies on a major consumer product so close to an election.

By David Shepardson of the Reuters agency



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