TechFlow news, on March 25, according to Jinshi News, U.S. President Donald Trump stated he will announce tariffs on imported automobiles in the coming days and plans to roll out broader reciprocal tariff measures on April 2. He also hinted that certain countries might receive tariff exemptions.
In his remarks at the White House, Trump noted the new tariff policy will cover industries including automobiles, pharmaceuticals, lumber, and semiconductors. He emphasized these measures aim to counter high tariffs and barriers imposed by trade partners on American goods and to ensure U.S. self-sufficiency in critical sectors.
In addition, Trump announced that starting April 2, a 25% tariff will be imposed on countries purchasing oil or natural gas from Venezuela, prompting a rise in oil prices and potentially escalating global trade tensions further.
Markets reacted unevenly—Wall Street viewed Trump's comments as showing some flexibility, with the S&P 500 closing up 1.8% on Monday. However, analysts warn that Trump's protectionist policies could have long-term consequences for the global trading system.
