Trump delays decision on auto tariffs for up to six months
President Donald Trump on Friday announced a six-month delay in imposing steep tariffs on auto imports, seeking to pressure Europe and Japan into bargaining table concessions on trade.The decision marked a temporary reprieve from what would have been a sizable escalation in Trump’s multi-front trade wars.Trump’s threat targets a major chunk of global economic activity with profound disruptions. Hundreds of billions of dollars in autos are manufactured, shipped and sold internationally every year.In a proclamation, the president directed US Trade Representative Robert Lighthizer to update him within 180 days on…
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