Trump orders Commerce Department to examine tariffs on auto imports

Trump administration launches vehicle import probe

Trump directs government to investigate whether tariffs are needed on imports of autos, trucks

The U.S.is also one of the biggest markets for Toyota and Hyundai, though both have American factories.

Trump has been an active proponent of renegotiating the North American Free Trade Agreement since taking office, but that those specific talks had stalled due to disputes concerning provisions. "Canada has been very hard to deal with. but I will tell you that in the end we win", Trump told reporters at the White House.

Asked if the measures would hit Mexico and Canada, a Mexican source close to the NAFTA talks said: "That probably is going to be the next battle".

"When [Mr. Trump] is working in the best interests of working men and women in this country, we will support him", UAW president Dennis Williams told reporters at a roundtable discussion on Thursday, the union said via Twitter. She insisted that the negotiations continue "at a very intense level". During a meeting with auto executives earlier this month, Trump said he would push for an increase in the production of vehicles built at USA plants.

Earlier Wednesday, Trump, who has repeatedly pledged to revive American manufacturing, said that "big news" was coming that would be welcomed by USA auto workers but he gave no details.

Although a large portion of the US's most popular vehicle models, including those from foreign brands (such as the upcoming BMW X7), are already manufactured within its borders, many are imported from other countries.

He has not said what that news might be.

Automobile rules of origin is one of several contentious issues at the heart of the renegotiation of the North American Free Trade Agreement.

Trump administration launches vehicle import probe

Trudeau has said his government had concerns about the Aecon deal's implications for intellectual property protections.

"Maybe other countries were in mind when the president was contemplating that but the reality is the two largest importers into the United States are Canada and Mexico", he said.

Negotiators missed a Congressional deadline last week that, if met, would have ensured a NAFTA text could be voted on by Congress by the end of the year.

German Finance Minister Olaf Scholz said the European Union should be united in its response to the threat of USA tariffs. Under the trade pact, a six-month withdrawal notice is required.

Mexico in the past has threatened to retaliate against USA trade actions by curtailing purchases of American farm products.

"Trump's trade tactics are sheer wanton economic and diplomatic destruction", Benn Steil, the director of global economics at the Council on Foreign Relations, tweeted Thursday. But it's also likely that investors are simply learning not to take Trump's threats on trade seriously, after he has backed down from bluffs to withdraw from NAFTA, and declined to impose threatened tariffs on a range of Chinese imports in retaliation for alleged intellectual property theft. "Our priorities remain rooted in fair, equitable and balanced trade". Inter Parliamentary Group who were in the U.S. Capital for a series of meetings.

German carmakers hiked vehicle production in Mexico by 46 percent to 620,000 cars a year ago, while production levels inside the United States fell by 6 percent to 804,000 cars because of a shift to Mexico, according to the VDA.

"If the tariffs actually went into effect, it would upend the supplier industry", said Ann Wilson, senior vice president for government affairs at Motor & Equipment Manufacturers Association, which represents auto parts makers.

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