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Trump plans to delay auto tariffs for six months: industry sources

AFP  |  New York 

plans to hold off on imposing steep tariffs on imported autos while the US negotiates deals with key trading partners, industry sources told AFP Wednesday.

has threatened to impose 25 percent punitive duties on autos, which has worried the and in particular, as well as and

Facing a deadline to announce a decision by Saturday on whether to implement the tariffs based on national security concerns, the sources said would hold off as negotiations proceed.

New tariffs risk exploding already tense trade relations with Washington's major trading partners, who are angry about punitive duties on and aluminum.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, May 15 2019. 20:46 IST