Trump Weighs New Tariffs on Imported Vehicles -- Update
By William Mauldin, Timothy Puko and Kate O'Keeffe
WASHINGTON -- The Trump administration is considering a plan that would impose new tariffs on imported vehicles on national-security grounds, according to industry officials briefed on broad outlines of the plan.
President Donald Trump has already used a legal provision known as Section 232 to impose global tariffs on imported steel and aluminum, and now the administration is considering starting a probe of imported cars under the same law, possibly applying tariffs at the end, the people said.
Mr. Trump has repeatedly floated the idea of tariffs on auto imports in meetings. The plan remains in its early stages, and is likely to face significant opposition from a number of interest groups, from foreign trading partners to domestic dealers of imported cars.
Applying the tariffs under Section 232, meanwhile, would require a lengthy investigation and report from the U.S. Commerce Department. The administration is currently considering tariffs of up to 25%, according to those briefed on the plan.
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(END) Dow Jones Newswires
May 23, 2018 16:33 ET (20:33 GMT)Copyright (c) 2018 Dow Jones & Company, Inc.