Guidance

What You Need to Know About Trump's Plan for Auto Tariffs

May 24, 2018 | 20:22 GMT
In this photograph, cars wait at port before passing through customs.

The damage to the auto sector from the president's latest trade proposal could dwarf any move he has made so far.

(ALEXEY DRZUZHININ/Shutterstock)

U.S. President Donald Trump is threatening to throw another monkey wrench into global trade with a 25 percent tariff on autos and auto parts. On May 23, the U.S. Commerce Department opened an investigation on whether foreign countries have taken advantage of the U.S. auto sector and whether it can be protected under the national security umbrella. The proposal raises a number of questions, but these are the important ones Stratfor is asking....

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