U.S. commerce chief to report car import probe results to Trump in August

U.S. Commerce Secretary Wilbur Ross said Thursday he plans to present the results of a national security investigation into automobile imports to President Donald Trump in August.The outcomes could affect Japanese, South Korean and other foreign automakers if they lead to the imposition of new tariffs. Trump is considering additional tariffs of up to 25 percent on imported cars and parts."The work is continuing. Probably sometime in the month of August we'll be willing to render a report," Ross told reporters aboard Air Force One en route to Iowa.Ross said imposing tariffs on foreign cars a…READ FULL ARTICLE