White House Delays Decision on Auto Tariffs

The White House does not plan to make a decision on whether to impose auto tariffs by President Trump’s May 18 deadline and will instead delay the announcement by up to 6 months, Bloomberg reports.

Axios: “Trump’s team has been looking for ways to punt the auto tariffs decision. The White House knows that if they pile on another set of tariffs now — especially the deeply unpopular auto tariffs, which use the dubious justification that importing foreign automobiles and auto parts constitutes a ‘national security threat’ — then the stock market would collapse and Congress would revolt.”