Tariffs

Trump wants to keep car tariffs in his back pocket

Photo: Chip Somodevilla/Getty Images

Today is the deadline for the Commerce Department to send the White House its auto tariffs report.

Why it matters: The report will recommend whether Trump should follow through on his threat to use a "national security" law to impose massive tariffs — Trump likes the round number of 25% — on imports of cars and car parts.

Expert Voices

Truce extension likely as U.S.–China trade deadline looms

As the Trump administration’s March 1 deadline for a trade deal with China approaches, with another Xi–Trump summit to follow, it seems almost impossible that a comprehensive agreement will be reached in time. The likely outcome is a punt that defers tariff increases in exchange for ongoing Chinese purchases of U.S. soy and energy.

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