Trump-Modi Meet
The mega MIGA, MAGA plans of India's Modi and US' Trump
Trump says India has more tariffs than others
Trump's 'golden rule' for imposing reciprocal tariffs
Trump has announced a broad range of levies on some of the biggest US trading partners since taking office in January, arguing that they will help tackle unfair practices — and in some cases using the threats to influence policy.
He recently pledged 10 percent duties on all goods coming from China, and 25 on steel and aluminum imports.
At his Mar-a-Lago resort in Florida, he told reporters that tariffs on the automobile industry will «be in the neighborhood of 25 percent,» with specifics to come around April 2.
Asked about threatened tariffs on pharmaceuticals and chips, Trump said: «It'll be 25 percent and higher, and it'll go very substantially higher over (the) course of a year.»
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