Commerce Secretary Wilbur Ross on auto import probe: 'Economic security is military security'
May 24, 2018 at 07:21 AM EDT
The Commerce Department said late Wednesday it started an investigation into whether the surge in automobile imports over 20 years threatens to "impair" national security by "weakening" the U.S. economy. Toyota Motor shares were lower in premarket trading following the announcement. The Commerce Department, under Ross, recommended imposing heavy tariffs or...