Shafaq News/ US PresidentDonald Trump revealed plans to impose tariffs on imported cars, with duties onpharmaceuticals and semiconductors potentially rising higher over time, as partof a broader push to pressure companies to shift production to the UnitedStates.
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.
The president pointed out thatthe planned tariffs aim to give companies time to move production into theUnited States, stressing that those manufacturing domestically would avoid theduties altogether.
“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.”
The Trump administration hasimposed a range of tariffs since he took office, targeting Chinese goods aswell as steel and aluminum imports. Earlier this month, Trump approved 25%tariffs on Mexican and Canadian imports, though he postponed implementation bya month after both countries agreed to new border security measures.
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.
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