The USA, to consider the customs duty on cars

(Reuters) – The United States is considering imposing customs duties of up to 25% on imported cars, for reasons of national security, reported Wednesday in the Wall Street Journal.

The administration Trump’s dream to open an investigation on the imports of automobiles in the framework of a legal system, the Section 232 of a 1962 law on the trade, which could lead to the introduction of the customs duties, says the Wall Street Journal, relying on sources in the automotive sector informed of the broad lines of this project.

The latter is still at the stage of the draft and he is likely to face a strong hostility, on the part of commercial partners of the United States, but also of the american dealers of imported vehicles, says the journal.

The us president, Donald Trump has already announced that customs duty on steel and aluminium based on the Section 232, which authorizes the establishment of trade protections in the name of “national security” of the United States.

Securities General Motors (NYSE:GM) and Ford (NYSE:F) took, respectively, 0.6% and 0.9% after the close on Wall Street, while the title listed on New York Fiat Chrysler Automobile (FCA) has lost 2%.

(Ismail Shakil in bengaluru; Bertrand Boucey for the French service)