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Investing.com -- President Donald Trump has declared his intentions to disclose tariffs on automobile imports in the upcoming days. In addition to this, he suggested that certain nations might be granted exceptions from the "reciprocal" tariffs set to be unveiled next week.
The President’s statements on Monday at the White House sparked further uncertainty regarding his comprehensive tariff announcement slated for April 2. Trump informed reporters that he intends to go ahead with the previously warned auto import tariffs quite promptly, "over the next few days," prior to the broader package’s release.
The tariff introduction set for next Wednesday, as per Trump, will concentrate on "reciprocal" tariffs, with rates being determined on a country-by-country basis. Twice on Monday, the President hinted that trading partners might be granted potential exemptions or reductions.
"I may give a lot of countries breaks," Trump stated. "They’ve charged us so much that I’m embarrassed to charge them what they’ve charged us, but it’ll be substantial, and you’ll be hearing about that on April 2."
In addition to the automobile import tariffs, Trump also expressed his intention to impose specific tariffs on lumber and semiconductor chips "down the road," without providing any specific details. Earlier on Monday, he reiterated his threat to impose a specific tariff on pharmaceutical drugs.
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