U.S. Commerce Secretary Wilbur Ross says the Trump administration may not need to impose tariffs on imported cars later this month.<br />He revealed that Washington has had "good conversations" with a number of nations, including South Korea.<br />Lee Seung-jae reports.<br />Speaking to Bloomberg Television on Sunday at the ASEAN plus Three Summit in Bangkok,... U.S. Commerce Secretary Wilbur Ross said Washington may delay plans to put auto tariffs on a number of countries,... after holding what he called "good conversations" with them.<br />South Korea was earlier exempted from any future tariffs after renegotiating the South Korea-U.S. FTA last year.<br />The U.S. also struck a deal with Japan last month,... but the EU has yet to reach an agreement with the deadline looming.<br />However, Ross remained optimistic a deal will be reached.<br />This comes as the Trump administration agreed to delay new tariffs on imported cars and parts for six months in May,... as it continued negotiations.<br />President Trump must decide whether to impose tariffs of five to fifteen percent by November 17th,... but Ross says it may be unnecessary in light of the negotiations.<br />However, if Trump proceeds with the measures,... it would cause a massive escalation in the U.S.-EU trade conflict,... with German automakers like Mercedes-Benz and BMW taking the biggest hit.<br />Experts says such tariffs would significantly increase car prices in the United States,... and potentially lead to hundreds of thousands of jobs falling by the wayside in the U.S.<br />Lee Seung-jae, Arirang News.<br />
