YOUR BUSINESS AUTHORITY

Springfield, MO

Trump threatens allies with new tariffs

Posted online

President Donald Trump's administration is considering adding tariffs on imported cars and trucks.

According to Bloomberg, the news drew pointed responses from Japan, South Korea and Germany.

“Imposing broad, comprehensive restrictions on such a large industry could cause confusion in world markets, and could lead to the breakdown of the multilateral trade system based on WTO rules,” Japanese Trade Minister Hiroshige Seko said Thursday in Tokyo.

A statement from U.S. officials said the tariffs may be imposed on national security concerns.

Read more from Bloomberg.

Comments

No comments on this story |
Please log in to add your comment
Editors' Pick

Day in the Life with Matt Morrow

SBJ shadows the Springfield chamber president.

Most Read