Trump pledges auto, pharma tariffs in ‘near future,’ sowing more trade confusion

President Donald Trump on Monday said he will soon announce tariffs targeting automobiles, pharmaceuticals and other industries, signaling his plans to pile more sweeping duties on top of his forthcoming “reciprocal tariffs.”

“We’ll be announcing cars very shortly,” Trump said at a Cabinet meeting. “We already announced steel, as you know, and aluminum.”

“We’ll be announcing pharmaceuticals at some point,” he said, “because we have to have pharmaceuticals.”

“So we’ll be announcing some of these things in the very near future, not the long future, the very near future,” Trump said.

Trump at another White House event later Monday added the lumber and semiconductor industries to his list, saying tariffs on those two sectors would come “down the road.”

Yet even as he piled on new sectors for potential tariffs, Trump said at the same event that he “may give a lot of countries breaks” on the reciprocal tariffs, which are set to take effect April 2.

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