John Lonsky, head of the Lunusky Group, breaks Donald Trump's economic agenda when he joined Warren and the Company.
President Donald Trump On Tuesday, he said he plans to impose “25 %” car tariffs and similar tariffs on semiconductors and drug imports in his latest measures to raise international trade.
Trump said Friday that Automatic tariff It can come as soon as April 2, the day after his review of his options for a wide range of import taxes.
The president has long criticized what he calls unjust US car exports in foreign markets.
For example, the European Union collects 10 % tariffs on car imports, which is four times the US passenger car tariff rate of 2.5 %. However, the United States is gathering 25 % tariffs on pickup trucks from countries other than Mexico and Canada, a policy that helps keep pickup trucks a profitable part of US carmakers.
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President Donald Trump said he plans to impose higher tariffs on cars, semiconductors and pharmaceutical products. (Andrew Harnic / Giti Pictures / Giti Pictures)
The EU trade head is expected to meet with US counterparts, including Havard Lutopanik, Trump's nominee to serve as US trade representative Jimison Greere and director of the National National Economic Council in Washington on Wednesday to discuss various tariff threats .
Of Trump was asked if the EU could prevent it Cross -tariffs And it claimed that the European Union had shown its plans to reduce its tariffs on US cars at the US rate, though EU lawmakers have rejected it. He also said he was pushing EU officials to increase imports of cars and other US products.
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The semiconductors are tariffed by Trump. (VCG / VCG through Getty Images / Getty Images)
On Tuesday, Trump told reporters at the Marn-Lago real estate in Florida that the drug tariff and the drug Semiconductor chips It also starts from “25 % or higher” and increases significantly throughout the year.
Trump did not specify the date of the announcement and said he wanted to provide drugs and chips for some time to set up American factories to prevent tariffs. He also said he expects some of the world's largest companies to announce new investments in the United States in the next two weeks, though it did not provide further details.
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According to Trump, car tariffs could increase to 25 percent in cars imported from April. (Emily Elvann / Bloomberg via Giti Pictures / Giti Pictures)
Trump has imposed 10 % tariff for all since his tenure on January 20 Import from China At the top of the tariffs because of its role in the smuggling of Fentanyl.
Trump also announced a 25 % tariff on Mexican goods and non -energy imports from Canada, while taxing Canada's oil and gas tax at a lower rate of 10 %. After the announcement of the two countries, he delayed the tariffs until early March. Border security Actions
He has also announced the start of March 12 for 25 % of imported steel and aluminum tariffs, closing exemptions for Canada, Mexico, the European Union and other business partners. Trump also said the tariffs were applied to downstream products made of steel and aluminum such as electric pipes and bulldozer blades.
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Trump's cross -tariff program was announced last week and begins with his economic consultants, launching plans to match US tariffs for each country's tariffs on US exports based on product.
Reuters was involved in this report.