Bloomberg Economics
Published March 21, 2025 | Updated April 22, 2025
US President Donald Trump has ordered investigations into the national-security implications of imports in several key sectors: semiconductors, pharmaceuticals, critical minerals, copper and lumber. Once completed, these investigations will lay the groundwork for tariffs to be imposed on these goods, similar to those already in place on steel and aluminum, and cars and auto parts.
These goods are currently excluded from the “reciprocal” tariffs that were first announced on April 2, which are currently the subject of negotiations between the US and trade partners across the globe. While the reciprocal tariffs are focused on fixing what Trump considers to be unfair trade relationships, the latest threats are targeted toward encouraging domestic production in these critical sectors. Previous tariffs were aimed at stemming fentanyl trafficking and illegal immigration.
The president is hoping that his tariffs will help protect US jobs and encourage companies to invest more in the country. But many economists say the tariffs will hurt growth as higher prices for goods put a squeeze on household budgets. The chaotic, on-again off-again nature of Trump’s actions could also discourage businesses from investing and hiring.
Here’s a compilation of the imposed tariffs on the global automotive industry.
Please note that the measures listed below are updated regularly throughout each month. To follow closer, refer to the original article linked below.
