The US government has launched a national security investigation into car and truck imports which could lead to new U.S. tariffs.
The national security investigation would assess whether vehicle and parts imports were threatening the industry’s health and ability to research and develop new, advanced technologies.
“There is evidence suggesting that, for decades, imports from abroad have eroded our domestic auto industry,” Commerce Secretary Wilbur Ross said in a statement, promising a “thorough, fair and transparent investigation.”
The governments of Japan, China and South Korea said they would monitor the situation. China added that it would defend its interests.
“China opposes the abuse of national security clauses, which will seriously damage multilateral trade systems and disrupt normal international trade order,” Gao Feng, spokesman at the Ministry of Commerce, said at a regular news briefing on Thursday which focused largely on whether Beijing and Washington are making any progress in their growing trade dispute.”