Trump auto tariffs are coming, but not all levies will be imposed April 2, sending stocks higher

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WASHINGTON - US President Donald Trump said on Monday automobile tariffs are coming soon even as he indicated that not all of his threatened levies would be imposed on April 2 and some countries may get breaks, a move Wall Street took as a sign of flexibility on a matter that has roiled markets for weeks.

A White House official declined to say exactly when sector-specific tariffs on autos, pharmaceuticals or semiconductor chips would come into effect, noting that was still "TBD (to be determined) and at the president's discretion".

So far, he has imposed new 20% duties on Chinese imports, fully restored 25% duties on global steel and aluminum imports and slapped 25% tariffs on imports from Canada and Mexico that do not comply with a North American trade agreement over the US fentanyl overdose crisis.

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Category: EconomyBusiness

Markets: ThailandArgentinaAustraliaBrazilCanadaChinaIndiaIndonesiaJapanSouth KoreaMalaysiaMexicoSaudi ArabiaSouth AfricaSwitzerlandTaiwanTurkeyUnited StatesVenezuelaVietnam

Topics: Tariff Trump Monday President Countries House Tariffs White Trade Levies April

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-25 @ 09:20:00 (1 days ago)

News Timezone: GMT +8:00

News Source URL: bangkokpost.com

Language: English

Article Length: 982 words

Reading Time: 6 minutes read

Sentences: 31 lines

Sentence Length: 32 words per sentence (average)

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Copyright Owner: © Bangkok Post

News ID: 27307347

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