US Commerce department says initiates section 232 investigation into imports of cars, suvs, lights trucks and vans
- Says investigation will determine whether import have eroded domestic industry, weakened national security
If you've been following along on ForexLive today you'll have seen this develop:
- First - WSJ report on Trump's new US auto tariff proposal - up to 25%
- Then - "Trump is said to consider slapping tariffs on US auto imports"
- Then - Trump says he instructed commerce to consider 232 probe of auto imports
And now, Commerce confirms it'll investigate
And of course, there has been plenty of other news we've brough to you that have moved markets. eg.:
which popped GBP
and this the latest, weighing on risk and benefitting the yen on its crosses:
