Reported 2 days ago
President Donald Trump announced that he intends to impose a 25% tariff on automobiles, pharmaceuticals, and semiconductor chips, starting as soon as April 2. This move comes amidst a broader effort to reshape international trade, addressing what he sees as unfair trade practices. The tariffs on these sectors are expected to significantly impact global markets. Trump has called for increased U.S. imports from the EU while maintaining that the EU has indicated a willingness to lower tariffs on U.S. cars. This announcement follows his recent imposition of tariffs on Chinese imports and plans for increased tariffs on steel and aluminum.
Source: YAHOO