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Trump uses 2019 national security probe to justify tariffs on auto imports

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U.S. President Donald Trump on Wednesday announced25% tariffs on auto and auto parts after concluding that automotive imports continue to threaten the country's industrial base and national security.
The article discusses former President Donald Trump's justification for imposing tariffs on auto imports, citing a 2019 national security investigation under Section 232 of the Trade Expansion Act. Trump argued that these tariffs were necessary to protect U.S. national security by ensuring the domestic auto industry's health, which he deemed critical for national defense. The investigation, initiated during his administration, concluded that imports of automobiles and automotive parts threatened to impair national security by weakening the U.S. industrial base. Although Trump did not enact these tariffs before leaving office, he has recently used this investigation to support his stance on trade protectionism, especially in light of ongoing trade tensions with countries like China and the European Union. The article also mentions that President Joe Biden has not yet acted on the recommendations from the investigation, leaving the potential for these tariffs still in limbo.

Read the Full Reuters Article at:
[ https://www.msn.com/en-ca/money/topstories/trump-uses-2019-national-security-probe-to-justify-tariffs-on-auto-imports/ar-AA1BJgR5 ]