Trump delays imposing tariffs on auto imports and parts

President Donald Trump is delaying any decision to impose auto tariffs on car and auto part imports for now

"United States defense and military superiority depend on the competitiveness of our automobile industry and the research and development that industry generates," Sanders said in a statement.

"If agreements are not reached within 180 days, the president will determine whether and what further action needs to be taken."

U.S. automakers ostensibly would benefit from a tax on their foreign competitors. But many U.S. automakers depend on imported parts that could be subject to Trump's tariffs and could become more expensive.

John Bozzella, president of Global Automakers, said if the president imposed new taxes on autos and auto parts, "American consumers will suffer a body blow." He said current tariffs have added cost, reduced the industry's global competitiveness and created uncertainty that has slowed investment and growth.