U.S. President Trump says he will decide whether to put import tariffs on cars and auto parts soon.
But media outlets have been raising the possibility that Trump might delay the announcement.
Kan Hyeong-woo has the story.
The decision over U.S. import tariffs on cars and auto parts might be made soon... according to President Donald Trump.
Before his summit with the Turkish leader at the White House on Wednesday local time,... Trump told reporters that he has been "fully briefed" and will make a decision "fairly soon"... one day ahead of the deadline to act.
"Many countries charge us extraordinarily high tariffs or create impossible trade barriers. Impossible. And I'll be honest, European Union, very, very difficult. The barriers they have up are terrible."
Back in May, the U.S. leader set a deadline of November 14th to decide on whether to impose tariffs on cars and auto parts from the European Union.
However, U.S. media outlets have raised the possibility of Trump delaying the decision for another six months... citing EU officials and anonymous sources familiar with the White House deliberations.
Meanwhile,... the South Korean government and auto sector have been closely watching the matter as additional U.S. import tariffs on Korean vehicles and related parts could severely hurt the industry.
Over 30 percent of all Korean auto exports were sold to the U.S. in 2018.
Since last year,... the Trump administration has been threatening to slap tariffs of up to 25 percent on auto imports to defend the U.S. car industry.
Kan Hyeong-woo, Arirang News.

Source: Arirang News
Copyright Arirang News. All rights reserved, reprinted with permission by Dailymotion

Related News about "Decision on auto tariffs coming soon: Trump" news from other sites: (news similarity rate is shown on left.)

Donald Trump's New Trade Deal With China Called 'Total Capitulation,' And 'Disaster' By Democratic Senator The Donald Trump White House on Friday announced that after 21 months of a United States trade war with China, a “phase one” deal had been reached between the two countries. But while the.. >>
Panel approves Trump impeachment articles and sends charges for a House vote A fiercely divided House Judiciary Committee approved two articles of impeachment against President Donald Trump on Friday, setting up a historic vote before the full House that would make him only th.. >>
Donald Trump Claims Polls Show Voters Oppose Impeachment: 'I Can Show You Numbers Nobody's Ever Seen Before' During a press briefing on Friday afternoon, President Donald Trump railed against impeachment, arguing that it is a “very sad thing” for the United States, reports Mediaite. Although a.. >>
'It's Not Fair' Complains Donald Trump As He Appears To Realize He Will Become 3rd Impeached U.S. President Just hours after the House Judiciary Committee voted along party lines Friday to approve two articles of impeachment against him, all but assuring that he will become only the third United States pre.. >>
Justices to take up dispute over subpoenas for Trump records By MARK SHERMANWASHINGTON (AP) — The Supreme Court said Friday it will hear President Donald Trump's pleas to keep his tax, bank and financial records private, a major confrontation between the pres.. >>
Wednesday: Wednesday is the day of the week between Tuesday and Thursday. According to international standard ISO 8601 adopted in most western countries it is the third day of the week. In countries that use the Sunday-first convention Wednesday is defined as the fourth day of the week. It is the fourth day o
European Union: The European Union is an economic and political union of 27 member states which are located primarily in Europe.[11][12] The EU operates through a system of supranational independent institutions and intergovernmental negotiated decisions by the member states.[13][14][15] Important institutions of
November: November is the eleventh month of the year in the Julian and Gregorian Calendars and one of four months with the length of 30 days. November was the ninth month of the ancient Roman calendar. November retained its name when January and February were added to the Roman calendar.
South Korean: South Korea , also called the Republic of Korea , is a sovereign state located in the southern part of the Korean Peninsula. The name "Korea" is derived from Goryeo, a dynasty which ruled in the Middle Ages. Its neighbors are China to the west, Japan to the east, and North Korea to the north. South