Trump told reporters at hisMar-a-Lago resort that he expects to announce the measures on April 2. Autotariffs would “be in the neighborhood of 25%,” Trump noted, clarifying that dutieson other sectors, including pharmaceuticals and semiconductors, could start atthe same level and increase significantly within a year.
“We want to give them time tocome in because, as you know, when they come into the United States and havetheir plant or factory here, there is no tariff,” Trump said. “So we want togive them a little bit of a chance.”
Last week, Trump signed anorder authorizing reciprocal tariffs on countries that impose higher duties onUS goods, a move that could affect a wide array of products. Those measures areexpected to take effect in the coming weeks, giving foreign governments anopportunity to negotiate with Washington.
Read More Details
Finally We wish PressBee provided you with enough information of ( Trump signals 25% tariffs on auto imports, higher duties on pharmaceuticals )
Also on site :