Wed Feb 19 01:32:19 UTC 2025: ## Trump Announces 25% Tariffs on Imported Cars, Hints at Higher Levies on Other Goods
**Palm Beach, FL** – President Trump announced Tuesday that the upcoming tariffs on imported cars will be approximately 25 percent. While the specifics will be released around April 2nd, the President confirmed the figure during a press briefing at Mar-a-Lago. He further hinted at even steeper tariffs on other sectors, stating that levies on pharmaceuticals and potentially other goods “will be 25 percent and higher, and it’ll go very substantially higher over the course of a year.”
Trump justified the move by stating he wants to give companies time to relocate manufacturing to the US, citing contact from major corporations expressing interest in returning due to the administration’s tariff and tax incentive policies.
This announcement adds to a long list of tariffs imposed by the Trump administration since taking office, targeting both allies and rivals. While details remain scarce regarding the planned auto tariffs and those impacting sectors such as semiconductors and pharmaceuticals, the President’s statement provides a clearer picture of the potential economic impact.
Experts caution that the burden of these tariffs may ultimately fall on American consumers, rather than foreign exporters. Approximately half of the cars sold in the US are domestically produced, with imports split almost evenly between Mexico and Canada, and other major auto-producing nations. The full implications of these significant tariff increases remain to be seen.
First Piper 