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US: Trump States Auto/Pharma Tariffs Likely 25% From Early April

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At an earlier press conference, US President Trump stated, in the Q&A, says he'll probably announce the tariff rate on autos on April 2, says it will "probably" be 25%; says for pharma it will probably be 25% or even higher.

Bloomberg reported: “I probably will tell you that on April 2, but it’ll be in the neighborhood of 25%,” Trump told reporters at his Mar-a-Lago club when asked about his plan for auto tariffs. Asked about similar levies on pharmaceutical drugs and semiconductor chips, the president said: “It’ll be 25% and higher, and it’ll go very substantially higher over a course of a year.” Trump said he wanted to give companies “time to come in” before announcing new import taxes. " See this link. 

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At an earlier press conference, US President Trump stated, in the Q&A, says he'll probably announce the tariff rate on autos on April 2, says it will "probably" be 25%; says for pharma it will probably be 25% or even higher.

Bloomberg reported: “I probably will tell you that on April 2, but it’ll be in the neighborhood of 25%,” Trump told reporters at his Mar-a-Lago club when asked about his plan for auto tariffs. Asked about similar levies on pharmaceutical drugs and semiconductor chips, the president said: “It’ll be 25% and higher, and it’ll go very substantially higher over a course of a year.” Trump said he wanted to give companies “time to come in” before announcing new import taxes. " See this link.