Donald Trump receives report on car import threat

Donald Trump

A decision can be made in 90 days US President Donald Trump has received the findings of an investigation into whether imported vehicles pose a national security threat, that could lead the US to impose tariffs. Commerce Secretary Wilbur Ross has submitted his recommendations to Trump, the department stated on Sunday in Washington, without providing any insights into the […]

Automakers cautions U.S. tariffs will undermine new NAFTA deal

NAFTA

U.S. automakers and parts suppliers on Thursday cautioned that President Donald Trump’s steel and aluminum tariffs and threatened vehicle tariffs would undermine the advantages of the new deal to modernize the North American Free Trade Agreement, resulting in widespread job losses. At a wide-ranging hearing prior the U.S. International Trade Commission, labor representatives stated the […]

Hyundai cautions U.S. car tariffs can harm security ties over North Korea

Hyundai i10 images

Hyundai Motor cautioned the U.S. administration that enforcing up to 25 percent tariffs on imported vehicles from South Korea would harm a security alliance between the two countries over North Korea’s nuclear ambitions. The tariffs would hike production expenses at Hyundai’s U.S. factory by about 10 percent and “jeopardize” its U.S. investment strategy, the top […]