Trump Floats Higher Auto Tariff, Guts California Gas-Car Ban (1)

President Donald Trump said he may raise US auto tariffs in order to boost domestic auto manufacturing, a move that could further ratchet up tensions with trading partners.

Trump spoke Thursday at a signing ceremony for legislation terminating California regulations that would have banned the sale of gasoline-powered cars in 2035 — a long-sought victory for some carmakers and oil companies that attacked the rules as unachievable.

The president said raising auto tariffs from their current 25% level could offer further protection for the domestic auto industry, citing General Motors Co.’s plan to invest $4 billion in US plants ...