A confidential US Commerce Department report clears the way for the White House to evoke a “national security threat under section 232 of a 1962 trade law, a provision that allows tariffs on items that threaten national security, and which allows the US to impose a 25% tariff in auto parts and cars.
The move, if signed by US President Donald J. Trump, is expected to severely impact European exporters, particularly Germany.
Upon receiving the report on February 17, Trump has 90 days to decide w...
This story is part of New Europe's Premium content.
|To Read the Full Story, Subscribe or Sign In from the ↑ Top of the Page ↑|