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The U.S. International Trade Commission voted to have current tariffs on imported passenger vehicle tires and light truck tires from China to remain in place.
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President Donald Trump is "not ready to act" on threatened auto import tariffs following a Tuesday meeting with his top trade advisers, an anonymous source told Bloomberg.
Read More →The EU has planned to issue retaliatory tariffs in response.
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The Department of Commerce has outlined a process that would allow individual American businesses to apply for an exclusion from the tariffs on imported steel and aluminum recently enacted by the Trump administration.
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President Donald Trump's executive order imposing tariffs on foreign steel and aluminum may translate to higher prices to commercial fleets for vehicles and truck or van equipment, fleet management company experts said.
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Associations representing manufacturers of vehicles and parts have spoken out against President Donald Trump's plan to place a 25% tariff on steel and a 10% tariff on aluminum imports.
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Nigerian Vice-Presidential Candidate Yemi Osinbajo assured Nigerians that, if elected, the Maj. Gen. Muhammadu Buhari-led government will slash tariffs on imported vehicles.
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