Trump pledges auto, pharma tariffs in 'near future,' sowing more trade confusion

President Donald Trump announced plans to impose tariffs on automobiles, pharmaceuticals, lumber, and semiconductor industries, in addition to the forthcoming reciprocal tariffs set to begin on April 2. He suggested that sector-specific tariffs may not start on the same day as reciprocal tariffs, hinting that tariffs on autos could be announced earlier. Trump also vowed to impose 25% tariffs on countries buying oil and gas from Venezuela, emphasizing his administration’s focus on addressing trade imbalances with other nations.

Full Article