Trump plans 25% tariff on automobiles, chips, and pharmaceuticals.
The American president had already decreed a general tariff of 10% on Chinese products and tariffs of 25% on all imports of steel and aluminum.
247 - US President Donald Trump (Republican Party) stated that he plans to impose tariffs of approximately 25% on the import of automobiles, semiconductors, and pharmaceutical products shipped to the United States, starting April 2nd. "They will rise substantially over the course of a year," he said, who recently decreed a general tariff of 10% on products from China and tariffs of 25% on all imports of steel and aluminum.
According to him, it is necessary to give potentially affected companies time to transfer their factories to the United States and avoid the tariffs. “We want to give them a little chance,” Trump continued at a press conference on Tuesday (18) at his resort in Mar-a-Lago, Florida. The report was from CNN.
Chip production has been largely outsourced to Asia in recent decades due to technical and cost factors. A pioneer in the contract manufacturing model for chips, Taiwan Semiconductor Manufacturing Company (TSMC) has become the world's largest producer in this segment.
TSMC reported that its chip factories in Arizona (USA), announced in 2020 during Trump's first term, are proceeding as planned. The US president has accused Taiwan of "stealing" the US semiconductor industry, an allegation questioned by analysts.
Farmer's Market
The U.S. was the world's largest importer of pharmaceuticals in 2023 – purchasing more than $176 billion worth of medicines and related products, according to U.S. trade figures.
European, Indian, and Chinese companies may be the most affected by the new measures announced by the Trump administration. In 2023, Ireland accounted for 20,4% of US pharmaceutical imports, followed by Germany (10,8%), Switzerland (8,6%), India (6,2%), and China (3,4%).
