President Donald Trump on Friday delayed imposing U. S. auto tariffs for foreign exporters by six months, but directed his administration to continue investigating trade imbalances and unfair practices.
May 17 (UPI) — President Donald Trump on Friday delayed imposing U. S. auto tariffs for foreign exporters by six months, but directed his administration to continue investigating trade imbalances and unfair practices.
Trump gave trade negotiators 180 days to work out a deal with Japan and the EU before resorting to tariffs, which would increase the cost of foreign-made cars and parts in the United States. U. S. trade representative Robert Lighthizer will lead the negotiations and report to Trump, the president said in a proclamation.
