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Senate Hearing on Auto Tariffs Scheduled for Sept. 26

Friday, September 21, 2018
Sandler, Travis & Rosenberg Trade Report

The Senate Finance Committee will hold a hearing Sept. 26 at 10:30 a.m. EST to examine the impact of tariffs on the U.S. automotive industry. Chairman Hatch (R-Utah) said that, as the Trump administration continues to rely on tariffs to resolve trade issues, he looks forward to hearing from various witnesses “to learn more about the potential harm tariffs could have on the industry and how they may be passed along to consumers.”

The Department of Commerce on May 23 self-initiated an investigation under section 232 of the Trade Expansion Act of 1962 to determine whether imports of automobiles (including SUVs, vans, and light trucks) and auto parts are harming U.S. national security. If the DOC finds that excessive automobile and auto parts imports are a threat to U.S. national security, and the president concurs, the president has the authority to adjust imports, including through the use of tariffs and quotas. 

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