Trump to consider possible import duties on automobiles
Washington, May 24: US President Donald Trump ordered the Commerce Department to start a study into determining the need to impose import duties on autos and parts.
"I instructed Secretary of Commerce, Wilbur Ross, to consider initiating a Section 232 investigation into imports of automobiles, including trucks, and automotive parts to determine their effects on America's national security," Efe news reported quoting Trump as saying in a statement on Wednesday, after meeting Ross to discuss the current state of the US car industry.
The largest exporter of cars to the US is Mexico, followed by Canada, Japan, Germany, and South Korea, according to data from the Department of Commerce.
Trump expressed dissatisfaction with the renegotiation of the North American Free Trade Agreement with Canada and Mexico, an agreement that he had threatened to break during the election campaign.
Also during the campaign, Trump made the preservation of the auto industry one of the pillars of his protectionist economic proposals, a promise that allowed him to win in Michigan, where most of the auto industry is concentrated.
Since Trump came to power, the Commerce Department has initiated more than 100 investigations over unfair competition, many of which have ended in the imposition of tariffs.
One such investigation resulted in the Trump administration imposing a 10 per cent tariff on aluminium and a 25 per cent tariff on steel, although he exempted some allies like Argentina, Brazil, Australia and South Korea.
Let the Truth be known. If you read VB and like VB, please be a VB Supporter and Help us deliver the Truth to one and all.
DC beat PBKS by three wickets, keep playoff hopes alive
Dharamsala (PTI): Half-centuries from skipper Axar Patel and David Miller powered Delhi Capitals to a thrilling three-wicket win over Punjab Kings and kept their slim playoff hopes alive in the Indian Premier League here on Monday.
Sent in to bat, Priyansh Arya (56 off 33) and Prabhsimran Singh (18) shared 78 runs off 41 balls for the opening wicket for PBKS.
After their departure, Shreyas Iyer (59 not out off 36 balls) and Cooper Connolly (38 off 27) took responsibility to carry the innings forward as PBKS posted 210 for five.
In reply, DC slipped to 74 for four but Axar (56) and Miller (51) resurrected the chase, while Ashutosh Sharma and Madhav Tiwari completed the task, scoring 216 for seven in 19 overs.
Mitchell Starc (2/57) and Madhav (2/40) picked up two wickets each for DC.
For PBKS, Arshdeep Singh (2/21), Ben Dwarshuis (1/51) and Marcus Stoinis (1/44) were among the wicket-takers.
Brief Scores:
Punjab Kings: 210 for 5 in 20 overs (Shreyas Iyer 59 not out, Priyansh Arya 56; Madhav Tiawai 2/40).
Delhi Capitals: 219 for 7 in 19 overs (Axar Patel 56, David Miller 51; Arshdeep Singh 2/21)
