Two senators propose delaying auto tariffs until study conducted
U.S. Senator Doug Jones (D-AL) is ceremonially sworn in by ?Vice President Mike Pence? in the historic Old Senate Chamber, just after having been officially sworn in on the Senate floor at the U.S. Capitol in Washington, U.S. January 3, 2018. REUTERS/Jon
WASHINGTON (Reuters) - 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 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
(Reporting by David Shepardson; Editing by Lisa Shumaker)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Adobe to offer free access to AI tools in Saudi Arabia in $4 billion deal
- Soitec shares climb 6% as it locks in customers for AI wafer demand
- Goldman Sachs sees stable credit trends in direct lending sector
Create E-mail Alert Related Categories
ETFs, General News, Politics, ReutersSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!



Tweet
Share