WASHINGTON/PARIS — Canada and Mexico retaliated against the U.S. government's decision on Thursday to impose tariffs on steel and aluminum imports, and the European Union had its own reprisals ready to go, reigniting investor fears of a global trade war. The tariffs, announced by U.S. Commerce Secretary Wilbur Ross in a telephone briefing on Thursday, ended months of uncertainty about potential exemptions and suggested a hardening of the Trump administration's approach to trade negotiatio
The U.S. National Highway Traffic Safety Administration (NHTSA) said late on Tuesday it was proposing to cancel a planned hike in higher "gas-guzzler" penalties for automakers whose vehicles fail to meet minimum fuel-economy standards.
The Trump administration might lower fuel economy targets as soon as 2021. Automakers desperately want concessions, spending $49 million on lobbying in 2017.
We will hold the Trump administration accountable," California Attorney General Xavier Becerra said in a statement.
A sale to China might be in FCA's best interest, but it might not be in the United States' best interest.
"If EPA acts to weaken or delay the current standards for model years 2022-25, like California, we intend to vigorously pursue appropriate legal remedies to block such action."
"What were you thinking when you threw yourselves on the mercy of the Trump administration to solve your problems?" asked Mary Nichols, head of CARB.