U.S. Weighs New Tariffs on Imported Auto Parts

The U.S. Commerce Department announced plans on Tuesday to evaluate industry petitions for additional tariffs on imported auto parts. This move comes as part of a national security review.

In May, President Trump applied a 25% tariff on over $460 billion worth of annual imports of vehicles and auto parts. Since then, deals have been made to lower some tariffs for certain nations.

According to the department, domestic automobile manufacturers or associations have the opportunity to request tariffs be placed on more specific parts.