Trump could slap steep tariffs on imported cars next week
REUTERS/Ralph Orlowski
- President Donald Trump must decide by November 13 whether to follow through with threats to levy tariffs on automobiles.
- The Center for Automotive Research estimated the proposed 25% tariff would add up to $6,875 to imported vehicle prices.
- Business groups and lawmakers have expressed widespread opposition to the move.
- Visit Business Insider's homepage for more stories.
Weeks after General Motors ended one of its longest strikes in years, the American car industry could be headed for more turbulence.
After an initial six-month delay, President Donald Trump must decide by November 13 whether to follow through with threats to levy tariffs on automobile imports. The U.S. Commerce Department drew backlash from business groups and lawmakers in February after it concluded that car imports pose a threat to national security. See the rest of the story at Business Insider
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