...Trump's serial tariff attacks could get worse.
George Will explains why May 18 could be the day:
On Feb. 17, a 90-day clock started ticking when President Trump received a report from his underlings at the Commerce Department, answering his question about whether imports of automobiles and auto parts threaten “national security.” The report’s answer has not been made public, but the question is so facially preposterous that it would only have been asked by someone seeking a “yes” answer. Sen. Charles E. Grassley (R-Iowa), chairman of the Finance Committee and a member of the tiny (and for that reason especially admirable) Republican wing of the Republican Party, has said he has doubts that the Commerce Department study was done “in a very professional and intellectually honest — well, I shouldn’t say intellectually honest — way.”...
The president, who can continue to study the report — you know how studious he is — until next Saturday, has threatened 25 percent tariffs on cars and parts...
[A]bout $6,400 would be added to the price of an inexpensive ($30,000) car.-RW
UPDATE
The Trump administration will delay auto tariffs by up to six months, reports CNBC.
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