Technology: The Trump administration reportedly plans to delay slapping tariffs on autos by up to 6 months - PressFrom - Canada
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TechnologyThe Trump administration reportedly plans to delay slapping tariffs on autos by up to 6 months

18:48  15 may  2019
18:48  15 may  2019 Source:   msn.com

Ottawa considering new retaliation to end U.S. tariff fight, source says

Ottawa considering new retaliation to end U.S. tariff fight, source says Canada is considering new ways to retaliate against the United States in the hopes of getting steel and aluminium tariffs lifted.

The Trump administration reportedly plans to delay slapping tariffs on autos by up to 6 months© Reuters/Rebecca Cook
  • The Trump administration plans to delay auto tariffs by up to six months, according to multiple news outlets.
  • The reports sent shares of Ford, General Motors, Tesla, and Daimler higher on Wednesday.
  • Visit Markets Insider for more stories.

The Trump administration plans to delay auto tariffs by up to six months, multiple news outlets reported on Wednesday, citing anonymous sources. The reports sent auto stocks higher on Wednesday.

President Donald Trump is expected to delay tariffs on auto imports, Bloomberg initially reported, citing US officials. Reuters and CNBC later reported the same plan was expected, citing three administration officials and four sources, respectively.

American businesses in China: Tariffs are hurting us

American businesses in China: Tariffs are hurting us U.S. President Donald Trump's latest tariff increase — and Beijing's plans to counter them — are hitting U.S. companies in China, according to a joint survey this month by AmCham Shanghai and AmCham China in Beijing.

The headlines sent shares of Ford, General Motors, Tesla, and Daimler higher in midday trading.

Wednesday's report comes at a tense moment for US-China relations as the trade war between the two world powers escalated this week. China on Monday said it would implement tariffs on about $60 billion worth of US goods, in a retaliatory measure that followed President Donald Trump's

This story is developing. Check back for updates.

US tariffs on EU: new goods worth $4 billion targeted.
The United States is intensifying its trade fight with the European Union over aircraft subsidies, proposing new tariffs on EU goods worth $4 billion. The tariffs, announced late Monday by the United States Trade Representative, cover 89 products including meat, cheese, pasta, fruits, coffee and whisky. They will be added to the tariffs on EU exports worth $21 billion announced in April, USTR said. The decision to slap tariffs on the additional $4 billion worth of goods came "in response to public comments and additional analysis," the agency said in a statement.

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