Trump Ally Doubts Auto-Tariff Report Is `Intellectually Honest'

Published 11/04/2019, 05:26 am
Updated 11/04/2019, 06:38 am
© Bloomberg. Chuck Grassley Photographer: Anna Moneymaker/Bloomberg

(Bloomberg) -- A U.S. government report that could lead to tariffs on automobiles is likely not being released by the White House because it lacks rigor and could deal a political setback for President Donald Trump, a top Republican senator said Wednesday.

“I’m not sure this 232 study on autos by the Commerce Department was done in a very professional and intellectually honest -- well I shouldn’t say intellectually honest -- way,” Senate Finance Committee chairman Chuck Grassley told reporters. “It may have some shortcomings. That’s why we haven’t seen it. It’s going to embarrass somebody. If you put it out it probably weakens the president’s political position.”

The Iowa Republican said he was speaking based on a “gut feeling” that he’s developed based on comments he picked up “here or there.”

Commerce Secretary Wilbur Ross submitted his report on the national security implications of imports of vehicles and car parts to the president on Feb. 17, starting a 90-day period in which Trump has to make a determination what, if any, action to take. The president could also take steps to further delay a decision. Trump has repeatedly threatened to hit imported cars with a tariff of as much as 25 percent and has been particularly focused on the European Union.

A spokeswoman for the Commerce Department declined to comment.

Lawmakers from both parties have pushed for the report to be made public after the White House in February declined to release the findings of Ross’s study.

Trump’s threats on auto tariffs have also sparked work on bipartisan legislation to curb his trade authority. Grassley is overseeing the effort on the Senate side and pledged to write a bill that could override Trump’s likely veto over any effort to curb his tariff powers.

Regardless of the political implications for Trump, Grassley said the public should be informed about the contents of a report that was financed by taxpayer dollars.

“Even if it’s embarrassing it ought to be out there. We spent a lot of money with this study,” Grassley said.

© Bloomberg. Chuck Grassley Photographer: Anna Moneymaker/Bloomberg

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2025 - Fusion Media Limited. All Rights Reserved.