President Trump: Read My Lips "It's Cars" Biggest Trade Leverage

Washington DC July 3, 2018; President Donald Trump said he sees his threat to impose global auto tariffs as his biggest weapon to extract concessions from trading partners, shedding more light on his broader trade policy strategy.

“You know, the cars are the big one,” Mr. Trump told Fox News in an interview broadcast Sunday. “We can talk steel, we talk everything. The big thing is cars.”

Mr. Trump was referring to the prospect of imposing 20% tariffs on imported vehicles in the name of national security, a proposal his administration is studying.

Source: The Wall Street Journal