Trump Signals 25% Tariffs on Auto, Tech, Drug Imports
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President Donald Trump said he would likely impose tariffs on automobile, semiconductor and pharmaceutical imports of around 25%, with an announcement coming as soon as April 2.
“I probably will tell you that on April 2, but it’ll be in the neighborhood of 25%,” Trump told reporters Feb. 18 at his Mar-a-Lago club when asked about auto tariffs.
“It’ll be 25% and higher, and it’ll go very substantially higher over a course of a year,” the president said about drug imports.
Trump said he wanted to give companies “time to come in” before announcing new tariffs.
“When they come into the United States and they have their plant or factory here there is no tariff, so we want to give them a little bit of a chance,” the president said.
(The White House via YouTube)
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