New negotiations with the European Union could be an alternative to imposing tariffs on automotive imports next month, U.S. Commerce Secretary Wilbur Ross has suggested in an interview with the Financial Times published on Wednesday.
President Donald Trump declared this year that some imported vehicles and parts posed a national security threat, but delayed a decision until November on whether to impose tariffs, so as to allow for more time for trade talks with the European Union.
“One (option) would be to say, ‘I’m just not going to do anything’, the second would be to impose tariffs on some or all (countries) . . . the third might be some other form of negotiation,” Ross said, describing options being considered by Trump.