Trump also said sectoral tariffs on pharmaceuticals and semiconductor chips would also likely start at 25 per cent in April, with at least some rising afterwards.
President Trump has announced plans to impose 25% tariffs on automobiles, pharmaceuticals, and semiconductor chips starting in April. This move is part of his strategy to reshape global trade. Trump has a history of imposing tariffs, including a 10% tariff on Chinese imports and delayed tariffs on goods from Mexico and Canada. He also set a March 12 start for tariffs on steel and aluminum.
