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Trump says he will introduce 25% tariffs on autos, pharmaceuticals and chips

^{Published on 2025-02-19 02:41:33 - Reuters}

Trump has long railed against what he calls the unfair treatment of U.S. automotive exports in foreign markets.

The article from Reuters discusses former U.S. President Donald Trump's proposal to impose a 25% tariff on imported vehicles if he were to return to office. This statement was made during a campaign event in South Carolina, where Trump criticized the current administration's policies on electric vehicles and trade with China. He argued that such a tariff would protect American auto workers and manufacturers from what he perceives as unfair trade practices. Trump's comments come at a time when the U.S. auto industry is facing challenges from both domestic policy shifts towards electric vehicles and international competition. The proposed tariff rate is significantly higher than the current 2.5% duty on cars and could lead to increased costs for consumers and potential trade retaliation from other countries.

Read the Full Reuters Article at:
[ https://www.reuters.com/business/autos-transportation/trump-auto-tariff-rate-will-be-around-25-2025-02-18/ ]

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