Donald Trump said on Tuesday that he intended to impose auto tariffs “in the neighborhood of 25 percent” with similar tasks to semiconductors and pharmaceutical imports. It is the latest in a number of measures that threaten to improve international trade by the US president.
On Friday, Trump said that the taxes for automobiles would provide reports to him until April 2, the day after members of his cabinet, to give options for a number of import duties to reorganize global trade.
Trump has long adopted what he describes as unfair treatment of US automotive exports in foreign markets.
The European Union, for example, collects an order of 10 percent for vehicle imports, four times the US car tariff rate of 2.5 percent. However, the United States collects a 25 percent tariff on pickup trucks from other countries other than Mexico and Canada, a tax that makes the vehicles highly profitable for car manufacturers in Detroit.
The EU head of trade Maros Sefcovic will meet with the US colleagues -the Minister of Commerce Howard Lutnick, the candidate of Trump, the US sales representative Jamieson Greer, and the director of the National Economic Council, Kevin Hassett, in Washington to discuss various tariffs threatened by Trump.
When asked whether the EU could avoid mutual tariffs that he had proposed last week, Trump repeated his claim that the EU had already signaled that it would reduce its tariffs on US cars on the US rate, even though the EU Legislators have denied this.
He said he would press EU officials to increase the US imports of cars and other products.
Pharma, chips tasks
Trump told the reporters on his Mar-Lago estate in Florida on Tuesday that sectoral tariffs for pharmaceuticals and semiconductor chips would also start “25 percent or higher”, which increased significantly over the course of a year.
He did not state an appointment for the announcement of these obligations and said that he wanted to offer some time for drug and chip manufacturers to set up US factories so that they can avoid tariffs.
Trump said he expected some of the largest companies in the world to announce new investments in the United States in the next few weeks. He did not provide any further details.
Since his inauguration four weeks ago, Trump has imposed all imports from China in addition to the existing taxes, a 10 percent tariff about China’s failure to stop fentanyl trade. He also announced and then delayed 25 percent tariffs for goods from Mexico and non-energy imports from Canada for a month.
He also set a start date on March 12 for 25 percent tariffs for all imported steel and aluminum and removed exceptions for Canada, Mexico, the European Union and other trading partners. Trump also announced that these tariffs would apply to hundreds of steel and aluminum products that are down -to -be, from electrical line tubes to Bulldozer leaves.
Last week he instructed his business team to create plans to impose mutual tariffs that correspond to the tariffs of every land product for countries.
Shelves Autoszölle
An auto import tariff of 25 percent would be a player for a global auto industry that is already due to the uncertainty by Trump’s tariff drama.
A similar drama played in 2018 and 2019 during Trump’s first term when the trade department carried out a national security examination for auto imports and found that they had weakened the domestic industrial nose.
At this point, Trump had threatened auto duties of 25 percent, but ultimately did not take any measures, so that the collective bargaining authority expires from this probe.
Some of the studies carried out in the 2018 investigation can be reused or updated as part of a new tariff tariff tariff tariff tariff tariff tariff tariff tariff tariff tariff tariff tariff tariff tariff tariff tariff tariff tariff tariff tariff tariff tariff tariff tariff.
