Donald Trump said on Tuesday that he intended to impose car tariffs “in a 25 percent neighborhood,” with similar duties on semiconductors and pharmaceutical imports. This is the latest in a series of measures threatening to convey the US president in international trade.
On Friday, Trump said that he would pay for cars as early as April 2, the day after his cabinet members should have submitted reports on how to amount to opportunities for a number of import duties because he seeks to reshape global trade.
Trump has been going on for a long time against what he calls unfair treatment with American car exports in foreign markets.
The European Union, for example, collects 10 percent of the customs duties on the import of vehicles, four times higher than the US tariff rate of passenger cars of 2.5 percent. The United States, however, collects 25 percent of tariffs on trucks from countries except Mexico and Canada, which makes vehicles very profitable for car manufacturers in Detroit.
EU chief Maros Sefcovic will meet with US colleagues – a trade carrier of Howard Lutnik, Trump’s candidate for US trade representative Jamieson Greer and Director of National Economic Council Kevin Hassett – Wednesday in Washington to talk about the various tariffs threatened.
Asked if the EU could avoid reciprocal tariffs he suggested last week, Trump repeated his claim that the EU had already indicated that he would reduce his tariffs to US cars at the United States, although the EU legislators denied it.
He said he would press EU officials to increase American imports of cars and other products.
Pharma, chips of duties
Trump on Tuesday told reporters on his estate of MAR-a-stature in Florida that sector tariffs on medicines and semiconductor chips will also start with “25 percent or more”, increasing significantly during the year.
He did not give the date for the announcement of these duties and said that he wanted to provide some time to drug manufacturers and chips to set up a US factory to avoid tariffs.
Trump said he expects some of the world’s largest companies to announce new investments in the United States in the next few weeks. He did not give further details.
From his inauguration four weeks ago, Trump has imposed a 10 -pointed tariff to all imports from China, on top of the existing levies, due to the failure of China to stop the Fentanil trade. He also announced and then postponed a month, 25 percent of Tariff on the goods from Mexico and non -energy imports from Canada.
He also determined the start of the beginning of March 12. For 25 percent of tariffs on all imported steel and aluminum, eliminating exemptions for Canada, Mexico, European Unic and other trade partners. Trump has also announced that these tariffs will be applied to hundreds of imported steel and aluminum products, from electric pipe pipes to bulldozer knives.
Last week, he directed his economic team to design plans for imposing reciprocal tariffs that correspond to each country’s tariff footsteps.
Tariffs with shelves
A automatic import tariff of 25 percent would be a change in the global auto industry, which is already felt by the uncertainty caused by Trump’s tariff drama.
A similar drama took place in 2018 and 2019 during Trump’s first term, when the trade department conducted a national security investigation into car imports and found that they weaken the domestic industrial base.
Trump then threatened the car tariffs of 25 percent, but ultimately did not take any measures, allowing tariff authorities from that probe to expire.
But some research that has undergone in the 2018 investigation can be reused or updated as part of a new effort for a car tariff.
