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


“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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