Trump extends auto parts tariff relief for U.S. production

U.S. President Donald Trump on Friday authorized the extension of a tariff relief scheme for auto parts to be used in American-made vehicles and the imposition of 25 percent tariffs on medium- and heavy-duty trucks and their parts, starting Nov. 1, with some exceptions.Japan and the European Union, which reached trade agreements with the United States earlier this year, will be exempt from the additional tariffs, a senior U.S. administration official said."This proclamation should work in tandem with every other trade deal that the president has entered into," the official said. "To the ext…READ FULL ARTICLE