The delay comes as the White House tries to strike a potential trade deal with China to end an escalating conflict. The world's two largest economies increased tariffs on one another in recent days, amplifying a fight that has rattled financial markets and threatened to drag on the global economy.
Trump is mulling whether to use a national security justification to slap tariffs as high as 25% on cars. In February, the Commerce Department delivered a report to the president saying that he could justify duties citing a national security threat. He also used the rationale to put tariffs on steel and aluminum imports.
Lawmakers from both major parties have pushed Trump not to move forward with the auto duties. U.S. automakers have also opposed the potential tariffs.
You can't trust a transactionalist. He can tweet rage a retraction tomorrow.
Tweet nonsensical threats... Backpedal.... Repeat DonTheCon BillionDollarLoserDonald
Am I the only person that believes the President is using his tweets etc to have use the stock market as “sport”
Economic figures are of great importance to the Trump administration for the 2020 elections. We have seen that manufacturing is already below expectations and that growth figures are misdirecting. Any rate hikes in addition to those against China could thus backfire
Fantastic Incredible News!!!
The MAGA 🤣
Cave
THE CHICKENS HAVE COME HOME TO ROOST, ALL THE AMERICAN COMPANYS MOVED ALL THEIR FACTORYS TO CHINA FOR THE CHEAP SLAVE LABOR, NOW THEY PISS AN MOAN.!! CHINA WILL ONE DAY TAKE THEM ALL OVER,THEY WILL BE CHINA'S COMPANYS.!! LEAVE AMERICA WITH NO MANUFACTURING BASE.!! GREEDY SOB'S
Trump made so many errors now is trying to fix them. Too late
THE CHICKENS HAVE COME HOME TO ROOST, ALL THE AMERICAN COMPANYS MOVED ALL THEIR FACTORYS TO CHINA FOR THE CHEAP SLAVE LABOR, NOW THEY PISS AN MOAN.!! CHINA WILL ONE DAY TAKE THEM ALL OVER, THEY WILL BE CHINA'S COMPANYS.!! LEAVE AMERICA WITH NO MANUFACTURING BASE.!! GREEDY SOB'S
They have no plan. BillionDollarLoser
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