ACES May Be Trump’s Card For Autos Tariff Solution — Panjiva
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ACES May Be Trump’s Card For Autos Tariff Solution

Canada 338 Cons. Discr. - Autos 664 European Union 407 Japan 382 Mexico 506 South Korea 384 Tariffs 1175 U.S. 3310

The U.S. Commerce Department may present three options for President Donald Trump to take action in the section 232, national security review of the automotive sector. Broad-based tariffs on all vehicles and components could be worth $23.8 billion per year at a 10% rate. Their application would be limited though as Mexico, Canada, the EU and Japan would be exempted at the first stage – due to ongoing trade deals – and covered 80.1% of imports. Such duties would also accelerate attempts by Congress to limit the President’s use of the section 232 approach. A specific focus on automated, co...

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