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U.S. President Donald Trump has announced plans to impose tariffs of up to 25% on imported cars, along with similar duties on semiconductors and pharmaceuticals. This move aims to reshape global trade dynamics and address what Trump describes as unfair treatment of U.S. exports.

The tariffs could take effect as early as April 2, as part of Trump's strategy to counter trade imbalances, particularly in the automotive sector. He criticized the European Union for imposing higher tariffs on U.S. car exports compared to the U.S. tariffs on European vehicles.

Additionally, Trump signaled that tariffs on semiconductors and pharmaceuticals would increase gradually, allowing companies time to establish domestic manufacturing facilities.

This latest escalation follows a series of trade actions targeting China, Mexico, and Canada, reinforcing Trump’s policy of reciprocal tariffs. With upcoming duties on steel and aluminum also on the horizon, uncertainty in global markets continues to rise.