Trump to impose 25% auto tariff, plans similar measures on chips and drugs

Trump plans a 25% auto tariff, with details coming April 2, along with similar levies on chips and drugs to reshape U.S. manufacturing.

U.S. President Donald Trump is preparing to implement a 25% tariff on automobiles, with further details set to be announced on April 2. He also intends to introduce similar tariffs on semiconductor and pharmaceutical imports as part of his strategy to revamp U.S. manufacturing.

Trump revealed that several major car and tech companies have contacted his administration, signaling major industry shifts ahead. These measures are expected to have a significant impact on global corporations.

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