Two U.S. senators propose delaying auto tariffs until study conducted
Two U.S. senators from states where foreign automakers build cars introduced bipartisan legislation on Wednesday.
- Country:
- United States
Two U.S. senators from states where foreign automakers build cars introduced bipartisan legislation on Wednesday that would bar the Trump administration from imposing up to 25 percent tariffs on imported cars and parts until the International Trade Commission conducted a comprehensive study of the auto industry.
Senators Doug Jones, an Alabama Democrat, and Lamar Alexander, a Tennessee Republican, have said the tariffs could harm foreign automakers like Volkswagen AG, Toyota Motor Corp, and Daimler AG and the industry has said it could hike vehicle costs by $83 billion and cost hundreds of thousands of jobs. The legislation faces uphill odds in Congress. The Commerce Department is investigating whether auto imports pose a national security risk.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
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