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Trump may impose tariffs on imported cars next week after G20 meet: Report

The report recommended a 25% customs duty on car imports from all countries except Canada and Mexico

Reuters  |  Berlin 

European auto stocks extended losses on Tuesday after a German magazine reported that US President Donald Trump could impose tariffs on imported cars from next week. Wirtschaftswoche cited "EU sources" as saying a US Department of Commerce investigation report was on Trump's desk, adding: "Trump will possibly decide on tariffs as early as next week after the G20 meeting in Buenos Aires." It cited the sources as saying the report recommended a 25 per cent customs duty on car imports from all countries except Canada and Mexico. However, the White House ...

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First Published: Tue, November 27 2018. 21:53 IST
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