The Trump administration plans to delay auto tariffs by up to six months, stopping itself for now from widening global trade disputes, four sources told CNBC.
President Donald Trump sees the tariffs as a way to gain leverage over trading partners such as the European Union and Japan during ongoing talks. But the president risks sparking fresh global trade clashes if he goes through with car duties. The European Union, for example, has already prepared a list of retaliatory duties to implement if Trump targets autos.
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.
this means less jobs will be moved from overseas to USA .. americans were told to use tariffs to get the auto making jobs back.. but the POTUS tariffs plastic made $1 items not the cars from the EU (May 17th deadline).. another Broken Promise so vote for JoeBiden
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Trump administration to delay auto tariffs by up to six months: SourcesThe White House faces a May 18 deadline to decide whether to slap duties on car imports from Europe. They have no plan. BillionDollarLoser 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
Source: CNBC - 🏆 12. / 72 Read more »
U.S. Senate intelligence panel subpoenas Trump's son: sourcesU.S. Senate intelligence panel subpoenas Trump's son Donald Trump Jr.: sources The man the MuellerReport determined was too incredibly stupid to conspire with the Russians, lol! This is the best news I've heard in a long time. It means that part of our government is still working-- and working TOGETHER-- for the GOOD of this country. That's heartening! He'll just lie under oath. 🤷♂️None of the Trump clan are burdened by the truth.
Source: Reuters - 🏆 2. / 97 Read more »
Donald Trump Jr. subpoenaed to appear before Senate Intel Committee: SourcesBREAKING: Donald Trump Jr. has been subpoenaed to appear before the Senate Intelligence Committee, three sources familiar with the matter confirm to ABC News. It is unclear why the committee is seeking for him to return to testify. Because he is a liar. Maybe because he's a lying sack of hot garbage?
Source: ABC - 🏆 471. / 51 Read more »
Senate intel committee subpoenas Trump Jr.: sources - Reuters TVThe U.S. Senate Intelligence Committee has subpoenaed one of the president’s sons, Donald Trump Jr., to answer questions about his contacts with Russia, two congressional sources said on Wednesday. TV Shitbag McConnell won't be happy. TV Entire Trump family under enemy siege TV LockHimUp LockThemAllUp
Source: Reuters - 🏆 2. / 97 Read more »
AP sources: Trump officials discussed deporting familiesWASHINGTON (AP) — Homeland Security officials considered arresting thousands of migrant families who had final deportation orders and removing them from the U.S. in a flashy show of force, but the... That should be “considering”.....they need to be deported now! THANKS GOD. The sooner the better. Awesome - deport them all BuildTheWall
Source: AP - 🏆 728. / 51 Read more »
Trump ratchets up pressure on Iran with sanctions on exports of steel, copper and other metalsTrump said that Tehran 'can expect further actions unless it fundamentally alters its conduct' and said that he looks forward to 'meeting with the leaders of Iran in order to work out an agreement.' Coward politicians, especially the GOP have & will never send their kids to war, it's been known for years. That's why it's easy for them to start wars. Everyone else in America has had relatives serve, give their all for these COWARDS! 😱 VeteransAgainstTrump VetsResist⚓🇺🇸⚓ They need to chill on Iran like dammm. Was there even proof that they broke the Nuclear deal after signing it. If they cripple Iran and make everyone starve it won’t help improve our diplomacy with them.
Source: CNBC - 🏆 12. / 72 Read more »
Donald Trump Jr. seen resisting Senate committee subpoena: sourcesSources: Donald Trump Jr. is unlikely to comply with a U.S. Senate Intelligence Committee subpoena to testify about his contacts with Russia via ReutersTV TV If he lied, he lied. If he didn't, he'll be fine. TV I still think Trump Jr. could be the downfall of Trump and the GOP. TV Sure you are! Did you think you were going to get away with everything? One by one you all will fall.
Source: Reuters - 🏆 2. / 97 Read more »
Donald Trump Jr. seen resisting Senate committee subpoena: sourcesThe sources said Trump Jr is expected to cite his Fifth Amendment constitutional right to avoid self-incrimination, a day after reports that the Republican-led panel had issued what is the first publicly known subpoena for a member of the president's family. Trump, who has blasted the investigations 5th amendment lol
Source: YahooNews - 🏆 380. / 59 Read more »
The Latest: AP sources: Panel, Trump Jr. agree to interviewWASHINGTON (AP) — The Latest on a subpoena sent to Donald Trump Jr. (all times local): 5:50 p.m. The Senate Intelligence Committee has struck a deal with Donald Trump Jr. to appear for... DonaldJTrumpJr does have a brain after all. LindseyGrahamSC gave him bad advice. In private. What a joke! Innocent people don’t have to hide behind closed doors. Innocent people don’t plead the fifth. The deal being that DJT won’t rot in jail for contempt.
Source: AP - 🏆 728. / 51 Read more »
David Ortiz slams Donald Trump, explains why he would skip White HouseFormer Red Sox slugger David Ortiz sided with manager Alex Cora, saying he'd also skip a White House visit because Trump has 'divided people.' except he's not treating immigrants like shit... he's fighting to secure the border and keep ILLEGAL immigrants out. 100k illegals ran across our border last month alone, give it a rest with this bullshit. illeagle immigrants fool The key word here is 'ILLEGAL' immigrant, but obviously he's is not that smart to know the difference
Source: USATODAY - 🏆 100. / 63 Read more »
Analysis | Republicans are raising the white flag on their trade war with TrumpOf all the ways Trump has remade the Republican Party into his own, none stings more for Republican lawmakers than trade policy Analysis: Republicans are raising the white flag on their autocracy war with Trump Republicans need to get out of the way and let the one responsible party in DC get an autocrat out of the White House. Of course. They fall in line with absolutely everything the idiot suggests/does. NOTLeaders VoteThemOut
Source: washingtonpost - 🏆 95. / 72 Read more »