Trump spoke at a campaign rally in West Virginia on Tuesday evening (US time)

CNBC summary:

  • President Donald Trump said Tuesday night that the U.S. would slap a 25 percent tariff on cars coming from the European Union.
  • The president's statement came hours after The Wall Street Journal reported that Commerce Secretary Wilbur Ross said he had postponed an August timeline to publish a report on auto tariffs.
  • "We're going to put a 25 percent tax on every car that comes into the United States from the European Union," Trump said at a campaign rally in West Virginia.

Earlier Commerce Secretary Wilbur Ross was reported as saying he had postponed an August timeline to publish a report on auto tariffs. The Wall Street Journal had that:

  • The Trump administration is likely pushing back its timetable for imposing tariffs on auto imports, easing concerns of many in the auto industry who have widely opposed the duties.
  • The move, signaled in comments by Commerce Secretary Wilbur Ross, came as administration officials are seeking to negotiate agreements with some of the world's largest car-exporting countries. The auto industry took the development as evidence of progress in those negotiations.

Journal may be gated