March 14, 2025
Trump says he can impose automatic rates of around 25%

Trump says he can impose automatic rates of around 25%

Trump weighs mutual rates


President Trump says that mutual rates will increase American income, but some warn of risks

02:43

Washington – President Trump said on Tuesday that he could impose high rates on the import of cars, but said he would have more to say at the beginning of April.

“I will probably tell you that on April 2, but it will be near 25%,” Mr Trump told reporters in Mar-A-Lago, in Palm Beach, Florida.

The president also mentioned rates for the import of medicines and semiconductor that he said would be “25% and higher – and it will be very considerably higher in the context of a year.”

Mr. Trump said he “wants to give a little chance” to set up factories in the US before revealing the new taxes.

Mr. Trump has threatened the superior rates and claims that they will strengthen the American economy in the long term, while acknowledging that they can cause prices for Americans in the short term.

He has imposed a rate of 10% on all input from China and has ordered 25% rates for everyone steel and aluminum import. He also drew on 25% rates about import from Canada and Mexico, but She delayed After both countries had announced that they would take action to tackle the flow of Fentanyl across the border to the US

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