Reuters reported that US President Donald Trump could announce this week to delay the decision on Section 232 national security tariffs on EU autos by another six months. An unnamed EU official was quoted, “We have a solid indication from the administration that there will not be tariffs on us this week”.
The news is in-line with recent comments from US Commerce Secretary Wilbur Ross, who indicated that such tariffs might not be necessary after “good conversations”. It’s also believed that US Trade Representative Robert Lighthizer and EU Trade Commissioner Cecilia Malmstrom have spoken often in recent weeks, with “positive” tone.
