Sun, May 19, 2019 - Page 5 News List

Trump delays vehicle tariffs decision

MORATORIUM:The deferment was welcomed by markets, but it put the pressure on Japan and the EU to make concessions and was panned by trade groups and Toyota

AFP, WASHINGTON

“Today’s proclamation sends a message to Toyota that our investments are not welcomed, and the contributions from each of our employees across America are not valued,” the automaker said in a statement. “If import quotas are imposed, the biggest losers will be consumers who will pay more and have fewer vehicle choices.”

The US imported almost US$200 billion of vehicles in 2017, the proclamation said.

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