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Transcript

00:00:01
>> Auto makers, the latest target of President Trump and his America first strategy, after the US Commerce Department launched a trade investigation into imported cars, in the interest of national security. A move that sources say, could result in tariffs as much as 25%. Reuters Global Automotive Industry Editor, Joe White.
00:00:21
>> The Trump administration, is basically holding a bombshell over the US auto industry. Hundreds, thousands of auto dealers rely on selling imported vehicles for their profits. Lots of consumers like to buy them. Should be a big, big up ending of the status quo in the US auto market.
00:00:38
Probably the most sweeping protection for US based auto producers and auto factories since the Reagan Era, when they had voluntary restrictions on imports of Japanese cars.>> Sources tell Reuters, Trump hinted at the plan at a meeting with auto makers at the White House on May 11th. Trump has launched a series of trade actions, demanding China import more American goods.
00:01:01
Starting talks to renegotiate the NAFTA, and using the same national security law to impose tariffs on steel and aluminum.