AUTO IMPORTS 232 INVESTIGATION
On May 23, President Trump instructed Secretary of Commerce Wilbur Ross to initiate a Section 232 investigation to determine if the imports into the U.S. of automobiles, including SUVs, vans and light trucks, and automotive parts threaten to impair national security.
According to Secretary Ross’ statement, imports of passenger vehicles have grown from 32 percent to 48 percent in the past 20 years; and employment in motor vehicle production declined by 22 percent from 1990 to 2017. A Wall Street Journal article indicates that the president is considering the imposition of tariffs as much as 25 percent.
The Federal Register notice outlines a comment and hearing process for interested parties to submit/present information pertinent to the investigation. to see additional details, click below.