UPDATE 2-Trump expected to delay European auto tariff decision – EU officials

UPDATE 2-Trump expected to delay European auto tariff decision – EU officials

UPDATE 2-Trump expected to delay European auto tariff decision - EU officialsU.S. President Donald Trump is expected to announce this week he is delaying a decision on whether to slap tariffs on cars and auto parts imported from the European Union, likely for another six months, EU officials said. The Trump administration has a Thursday deadline to decide whether to impose threatened “Section 232” national security tariffs of as much as 25% on imported vehicles and parts under a Cold War-era trade law. U.S. Commerce Secretary Wilbur Ross, whose agency is overseeing an investigation into the effect of auto imports on U.S. national security, said on Nov. 3 the United States may not need such tariffs after holding “good conversations” with automakers in the European Union, Japan and South Korea.