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Trump Plans New 25% Tariffs on Auto Imports, Semiconductors, and Pharmaceuticals. President Donald Trump has announced plans to impose 25% tariffs on auto imports, semiconductor chips, and pharmaceuticals entering the U.S., potentially starting April 2. This follows recent tariffs of 10% on Chinese goods and 25% on steel and aluminum imports. Speaking from Mar-a-Lago, Trump hinted that semiconductor and drug tariffs could rise even further over the next year giving companies time to relocate production to the U.S. The move comes just days after he launched an investigation into foreign tax and tariff policies, clearing the path for these new tariffs. Trump says the measures aim to balance trade and support American industries.
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