Close Menu
World Economist – Global Markets, Finance & Economic Insights
  • Home
  • Economist Impact
    • Economist Intelligence
    • Finance & Economics
  • Business
  • Asia
  • China
  • Europe
  • Economy
  • USA
    • Middle East & Africa
    • Highlights
  • This week
  • World Economy
    • World News
What's Hot

How does China profit hugely from anti-Russian steel sanctions?

July 7, 2025

Donald Trump says he will hit Japan and South Korea with 25% tariffs

July 7, 2025

Trump says 25% tariffs on Japan, South Korea starting August

July 7, 2025
Facebook X (Twitter) Instagram
Monday, July 7
Facebook X (Twitter) Instagram
World Economist – Global Markets, Finance & Economic Insights
  • Home
  • Economist Impact
    • Economist Intelligence
    • Finance & Economics
  • Business
  • Asia
  • China
  • Europe
  • Economy
  • USA
    • Middle East & Africa
    • Highlights
  • This week
  • World Economy
    • World News
World Economist – Global Markets, Finance & Economic Insights
Home » Trump suggests 25% tariffs on autos, pharma and semiconductors that could go even higher
Finance & Economics

Trump suggests 25% tariffs on autos, pharma and semiconductors that could go even higher

adminBy adminFebruary 19, 2025No Comments2 Mins Read
Share Facebook Twitter Pinterest Copy Link LinkedIn Tumblr Email VKontakte Telegram
Share
Facebook Twitter Pinterest Email Copy Link
Post Views: 55


U.S. President Donald Trump speaks at Mar-a-Lago in Palm Beach, Florida, U.S., Feb. 18, 2025. 

Kevin Lamarque | Reuters

President Donald Trump said he may broaden the scope of U.S. tariffs on imports to include automobiles, pharmaceuticals and semiconductors.

In remarks to reporters Tuesday, Trump said the duties would be around 25% and “go very substantially higher over a course of a year.” The president did not indicate whether the new tariffs would apply to all vehicles coming into the U.S. or be targeted toward certain countries but said they could start as early as April 2.

However, the threat represents a broadening in the administration’s aggressive trade policy that already has included 25% tariffs on steel and aluminum imports set to take effect in March.

The nations with the biggest auto exports to the U.S. are Mexico, Japan and Canada.

Trump said the tariffs already are having the desired effect, with companies domiciled overseas wanting to come back to the U.S.

“I’ve been contacted by some of the biggest companies in the world, and because of what we’re doing economically and through tariffs and incentives, they want to come back into the United States,” he said.

“When they come back into the United States and they have their plant or factory here, there is no tariff,” Trump added. “So we want to give them a little bit of a chance.”

On pharmaceuticals, the nations feeling the biggest impact likely would be Japan and India. The economic impact would be unclear, though the tariffs might aggravate costs and cause shortages initially.

“The tariffs could drive up drug prices for US patients, exacerbate drug supply shortages, and push manufacturers to seek alternative markets,” said Ophelia Chan, senior business fundamentals analyst at GlobalData. Chan also noted that companies in the industry “may respond by relocating manufacturing and trials to the US or other tariff-free countries, though the full effects are still uncertain.”

On semiconductors, Trump did not indicate when they would happen. Those levies would impact Taiwan Semiconductor, which provides chips to companies including Nvidia and Apple.

Don’t miss these insights from CNBC PRO



Source link

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email Telegram Copy Link
admin
  • Website

Related Posts

Finance & Economics

Trump says 25% tariffs on Japan, South Korea starting August

July 7, 2025
Finance & Economics

U.S. Treasury yields: Trump extends tariff deadline

July 7, 2025
Finance & Economics

What America’s youngest workers want from jobs: CNBC survey

July 3, 2025
Finance & Economics

Jobs report June 2025:

July 3, 2025
Finance & Economics

investors await June’s big jobs report

July 3, 2025
Finance & Economics

DOGE government layoffs could start becoming a factor in jobs report

July 2, 2025
Add A Comment
Leave A Reply Cancel Reply

Editors Picks

FBR introduces Pakistan’s first AI-powered customs clearance system – Business & Finance

July 7, 2025

FBR introduces Pakistan’s first AI-powered customs clearance system – Business & Finance

July 7, 2025

Oil & gas production soars at OGDCL’s Rajian oilfield in Punjab – Business & Finance

July 7, 2025

Finance Division notifies austerity measures for FY26 – Business & Finance

July 7, 2025
Latest Posts

PSX hits all-time high as proposed ‘neutral-to-positive’ budget well-received by investors – Business

June 11, 2025

Sindh govt to allocate funds for EV taxis, scooters in provincial budget: minister – Pakistan

June 11, 2025

US, China reach deal to ease export curbs, keep tariff truce alive – World

June 11, 2025

Subscribe to News

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

Recent Posts

  • How does China profit hugely from anti-Russian steel sanctions?
  • Donald Trump says he will hit Japan and South Korea with 25% tariffs
  • Trump says 25% tariffs on Japan, South Korea starting August
  • BlackRock keeps its foot on the private-markets pedal with another acquisition
  • Bitcoin continues to trade near $109,000 after highest weekly close ever

Recent Comments

No comments to show.

Welcome to World-Economist.com, your trusted source for in-depth analysis, expert insights, and the latest news on global finance and economics. Our mission is to provide readers with accurate, data-driven reports that shape the understanding of economic trends worldwide.

Latest Posts

How does China profit hugely from anti-Russian steel sanctions?

July 7, 2025

Donald Trump says he will hit Japan and South Korea with 25% tariffs

July 7, 2025

Trump says 25% tariffs on Japan, South Korea starting August

July 7, 2025

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

Archives

  • July 2025
  • June 2025
  • May 2025
  • April 2025
  • March 2025
  • February 2025
  • January 2025
  • December 2024
  • June 2024
  • October 2022
  • March 2022
  • July 2021
  • February 2021
  • January 2021
  • November 2019
  • April 2011
  • January 2011
  • December 2007
  • July 2007

Categories

  • AI & Tech
  • Asia
  • Banking
  • Business
  • Business
  • China
  • Climate
  • Computing
  • Economist Impact
  • Economist Intelligence
  • Economy
  • Editor's Choice
  • Europe
  • Europe
  • Featured
  • Featured Business
  • Featured Climate
  • Featured Health
  • Featured Science & Tech
  • Featured Travel
  • Finance & Economics
  • Health
  • Highlights
  • Markets
  • Middle East
  • Middle East & Africa
  • Middle East News
  • Most Viewed News
  • News Highlights
  • Other News
  • Politics
  • Russia
  • Science
  • Science & Tech
  • Social
  • Space Science
  • Sports
  • Sports Roundup
  • Tech
  • This week
  • Top Featured
  • Travel
  • Trending Posts
  • Ukraine Conflict
  • Uncategorized
  • US Politics
  • USA
  • World
  • World & Politics
  • World Economy
  • World News
© 2025 world-economist. Designed by world-economist.
  • Home
  • About Us
  • Advertise With Us
  • Contact Us
  • DMCA
  • Privacy Policy
  • Terms & Conditions

Type above and press Enter to search. Press Esc to cancel.