The decision by the Trump administration to delay the imposition of section 232 duties on imports of passenger vehicles, drivetrain components and electrical parts will prove to be a major point of leverage in wider trade negotiations with the EU and Japan. A deadline of 180 days has been set to carry out such negotiations, with Canada, Mexico and South Korea already effectively exempted under prior trade deals. Imports of vehicles and components from outside USMCA and South Korea were worth $124.9 billion in the 12 months to Mar. 31, led by $94.6 billion of completed vehicles. The most ...