US May Not Need to Impose Auto Tariffs This Month: Bloomberg

US May Not Need to Impose Auto Tariffs This Month: Bloomberg
Toyota trucks are shown on a car carrier for delivery after arriving in the United States in National City, Calif., U.S. June 27, 2018. Mike Blake/Reuters
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The United States may not need to impose tariffs on imported vehicles later this month after holding “good conversations” with automakers in the European Union, Japan, and Korea, U.S. Commerce Secretary Wilbur Ross said in an interview published on Nov. 3.

The United States must decide by Nov. 14 whether to impose threatened U.S. national security tariffs of as much as 25% on vehicles and parts. The tariffs have already been delayed once by six months, and trade experts say that could happen again.