President Donald Trump indicated Monday that he could announce new tariffs on imported cars as soon as this week, as his administration works toward a larger “reciprocal tariff” package hitting a broad swath of countries on April 2.
“We are going to be doing automobiles, which you’ve known about for a long time,” Trump told reporters at the White House. “We’ll be announcing that fairly soon, over the next few days probably. And then April 2 comes. That will be reciprocal tariffs.”
Trump made similar remarks earlier Monday at a Cabinet meeting, saying he planned to announce car tariffs “very shortly” and then “we’ll be announcing pharmaceuticals at some point in the not too distant [future] because we have to have pharmaceuticals.”
Trump made the comments a little more than one week before he plans to unveil a broad-based plan to impose reciprocal tariffs on major trading partners, such as China and the European Union, based on the trade barriers that other countries have on American exports.
