US launches investigation into auto imports on a 'national security' basis [CNBC]
Comcast Corporation - Class A (CMCSA)
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Source: CNBC
show chapters The U.S. Department of Commerce started an investigation into automobile imports to determine whether they threaten to impair the national security of the United States, the agency said in a statement on Wednesday night local time. The surprise announcement comes at a time of worsening friction over trade between the United States and other countries — including close allies — with tariffs, threats of tariffs and complaints with the World Trade Organization flying back and forth. The new U.S. probe will be carried out under Section 232 of the Trade Expansion Act of 1962 . That section of the law authorizes the secretary of Commerce to determine the effects of imports of any article on the national security of the United States. Alexander Koerner/Getty Images Porsche cars destined for export stand at Bremerhaven port on March 19, 2018 in Bremerhaven, Germany. The United States carries out a brisk tra
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- 4/17/24 - Form 4
- CMCSA's page on the SEC website