The association warned in a statement that tariffs would push up car prices for American families. The biggest exporters of auto parts were Canada, Mexico, China, Germany and Brazil. But Canada and Mexico both rejected the idea of linking the issues, saying the metal tariffs should remain separate. The Trump administration ended up granting temporary exemptions from the metal tariffs to some trading partners, including Canada, Mexico and the EU. The share prices of major carmakers in Asia fell following the announcement of the auto investigation.

Source: CNN May 24, 2018 01:09 UTC