Trump's Tariff Threat: Tax on Automobile, Pharmaceutical—India Among Countries to Suffer the Most

Trump's Tariff Threat: Tax on Automobile, Pharmaceutical—India Among Countries to Suffer the Most

Trump's Tariff Threat: President Donald Trump has announced a sweeping 25% tariff on auto imports, semiconductors, and pharmaceuticals, set to take effect as early as April 2.

He warned that these tariffs could go even higher within a year, urging companies to move their factories to the U.S. to avoid heavy taxation.

The new import taxes are expected to drive up car prices by thousands of dollars and disrupt global chip and drug supply chains, hitting Asian and European manufacturers the hardest.

Will this move boost American industries or trigger an economic shockwave?

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