Trump has long railed against what he calls the unfair treatment of US automotive exports in foreign markets and has vowed to impose levies around '25 per cent' on imported vehicles.
President Donald Trump has escalated trade war tensions by proposing 25% tariffs on imported cars, pharmaceuticals, and semiconductor chips. The automotive tariffs could be implemented as early as April 2, following reports from his cabinet. Trump also indicated that tariffs on pharmaceuticals and chips could start at 25% and rise significantly over time, allowing companies to establish US factories to avoid the tariffs. These measures aim to reshape global trade dynamics.
