February 21, 2025
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Trump plans to impose a 25% tariff on cars, medicines and chips

Trump plans to impose a 25% tariff on cars, medicines and chipsU.S. President Donald Trump announced plans to impose a 25% tariff on imports of automobiles, semiconductors, and pharmaceutical products. The new tariffs could take effect as early as April 2 after receiving reports from the administration.”, — write: unn.ua

Trump plans to impose 25% duties on cars, drugs and chips

Kyiv  •  UNN

February 19 2025, 06:19 AM • 1026 views

US President Donald Trump has announced his intention to impose a 25% duty on imports of cars, semiconductors and pharmaceuticals. The new tariffs may come into effect as early as April 2, after receiving reports from the administration.

US President Donald Trump said on Tuesday that he intends to impose duties on cars “in the neighborhood of 25%” and similar duties on imports of semiconductors and pharmaceuticals, the latest in a series of measures that threaten to upend international trade, Reuters reports, UNN writes.

Details

On Friday, Trump said that the tariffs on cars will take effect on April 2, the day after members of his administration are to submit reports outlining options for a number of import duties.

AddendumAddendum

Trump has long opposed what he calls the unfair treatment of U.S. auto exports in foreign markets.

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