U.S. Auto Industry Faces 25% Tariff as Trump Escalates Trade War
President Trump has announced plans to impose a 25% tariff on imported automobiles, pharmaceuticals, and semiconductor products, with the possibility of higher rates later in the year. According to the announcement, the tariff on imported cars could be finalized as soon as April 2. Tariffs on semiconductors and pharmaceutical imports may rise “substantially higher” over … Read more