Auto tariffs are going to have to wait.
“The Trump administration will delay tariffs on cars and auto part imports for up to six months as it negotiates trade deals with the European Union and Japan.
In a proclamation Friday, Trump said he directed U.S.Trade Representative Robert Lighthizer to seek agreements to “address the threatened impairment” of national security from auto imports. Trump could choose to move forward with tariffs during the talks.
In his proclamation, Trump argued in part that ‘domestic conditions of competition must be improved by reducing imports.'”
For the rest of the story, visit CNBC here.