The U.S. government may impose huge amounts tariff About imports of cars, chips and medicines. according to Reuters and CBS NewsPresident Donald Trump’s reporter at his Margrago estate said that tariffs on car imports in particular will be “near 25%” and he will reveal more details about them on April 2. This is what he will surely receive reports from cabinet members on this day outlining the choice of responsibilities for different imports in various industries. When asked how he ensured that the EU would not retaliate by imposing the same levy on U.S. imports, the president reportedly reiterated that the group indicated it would lower tariffs on U.S. cars.
At the press conference, the president also said he imposed similar tariffs on imported semiconductors and drugs. He said the government could charge 25% tax or higher for taxes on these imports and they “will be significantly higher in the year.” However, the president did not sound like the new tax on CHIP and Pharmaceutical imports in April. He said he wanted to have a “small opportunity” to build factories in the U.S. for companies in these industries to avoid new tariffs.
Be careful Reuters Previously, the U.S. government is Want to renegotiate The “Barrier and Science Act” ended by the Biden administration. The program aims to facilitate semiconductor manufacturing by granting grants to companies that build foundries on U.S. soil. But Trump has previously criticized the initiative and believes that increasing tariffs will force chip companies to set up factories in the United States without the government spending money. Trump admits U.S. prices may rise due to higher tariffs on foreign goods, but the president believe This will only be a short-term problem and they will benefit the country’s economy in the future.
