CNN —
President Donald Trump said on Tuesday that he plans to impose tariffs of around 25% on auto imports as well as semiconductors and pharmaceuticals shipped to the United States as early as April 2.
Trump recently enacted a 10% across-board-tariff on goods coming from China and 25% tariffs on all steel and aluminum imports.
For tariffs on semiconductor chips and drugs, he told reporters at his resort in Mar-a-Lago, Florida that he intended to eventually increase the rate even more.
“It’ll go substantially higher over a course of a year,”
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