Timing of auto tariffs depends on talks, says US Commerce Secretary

Wilbur Ross

U.S. Commerce Secretary Wilbur Ross stated that potential tariffs on automakers are aimed at encouraging companies to make more cars and other vehicles in the United States and the timing regarding any duties would depend on the success of continued negotiations. “It’s a very, very important component of the European situation,” Ross informed CNBC in […]

Japan dodges U.S. auto tariffs as Abe and Trump agree to start trade talks

Shinzo Abe and Donald Trump

U.S. President Donald Trump and Japanese Prime Minister Shinzo Abe agreed to start trade talks in an arrangement that, for now, secures Japanese automakers from more tariffs, seen as a significant threat to the export-dependent economy. The two countries stated in a joint statement the talks “will respect positions of the other government”, drawing lines […]