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And though some reports indicated that certain planned sectoral tariffs would be postponed , yesterday President Trump stated that global duties on automotive and pharmaceutical imports would be announced soon , possibly even before April 2nd. In addition to China, this list could include Singapore, Vietnam and India.
The newly announced tariffs join steel and aluminum tariffs, a 25% tariff on all automotive imports, and a 25% tariff on any country that purchases oil from Venezuela already in effect though only the Venezuelan tariff will be stacked on top of global or reciprocal tariffs.
The newly announced tariffs join steel and aluminum tariffs, a 25% tariff on all automotive imports, and a 25% tariff on any country that purchases oil from Venezuela already in effect though only the Venezuelan tariff will be stacked on top of global or reciprocal tariffs.
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