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00:00:00
president Donald Trump on Friday delayed a decision by up to six months on whether to impose tariffs on foreign cars and auto parts the delay will allow US trade representative Robert light Heiser more time to carry on negotiations with the European Union and Japan , was auto tariffs on the Europeans well it's something we certainly think about we're trying to make a deal they're very tough to make a deal with the E. U. currently imported passenger cars are subject to a two and a half percent tariff but trump has threatened to raise that to twenty five percent arguing that importing cars into the U. S. presents a national security threat as it hurts domestic producers and their ability to invest in new technologies but auto makers and many prominent Republicans in Congress have strongly opposed such tariffs saying they would hike car prices and threaten houses of US jobs Friday's step back also shows trumps unwillingness to start another global trade war with the White House already in the midst of an escalating dispute with China