U.S. President Donald Trump said on Tuesday he intends to impose auto tariffs 'in the neighbourhood of 25 per cent' and similar duties on semiconductors and pharmaceutical imports, the latest in a series of measures threatening to upend international trade.

U.S. President Donald Trump said on Tuesday he intends to impose auto tariffs “in the neighborhood of 25 per cent” and similar duties on semiconductors and pharmaceutical imports, the latest in a series of measures threatening to upend international trade.

On Friday, Trump said levies on automobiles would come as soon as April 2, the day after members of his cabinet are due to deliver reports to him outlining options for a range of import duties as he seeks to reshape global trade.

Trump told reporters on Tuesday that sectoral tariffs on pharmaceuticals and semiconductor chips would also start at “25 per cent or higher, and it will go very substantially higher over the course of a year.”

  • skuzz
    73·
    2 days ago

    Why are people not freaking out?

    The 88% that didn’t vote for him are. US Governance is slow to react to anything and has yet to figure out this is a real problem, those that aren’t bought and paid for by Orange Burger Troll.

    The US has a lot of contributing factors that make it more difficult for individual citizens to react, so far.

    • A lot of people can’t just up and take time off work or they’ll lose their jobs
      • In America, losing your job means losing your health insurance. That means a $15 medication can suddenly be $600
      • Many Americans live paycheck-to-paycheck, or worse, in arrears, and use payday loan companies to pay their bills and buy food
      • Saw some metric a while back that credit card debt and services like Klarna were both on the uptick as people used them… to buy food.
    • America is a vast country, 2,800 miles from east to west
      • This makes it hard for the above people to just up and travel to the nation’s capital to protest en masse
      • People have been trying to protest at their local governments in-state, but the media is bought and paid for, so news of these protests is very limited in scope

    Among many other reasons.