Trump repeats he’ll be announcing tariffs on cars, semiconductors, pharma

Trump:

• “I’m going to be announcing tariffs on cars, and semiconductors, and chips, and pharmaceuticals, drugs and pharmaceuticals, and lumber, probably, and some other things over the next month, or sooner, and it’s going to have a big impact on America.”

Adds that car firms are calling him to say they want to make their cars in the US.

And:

• “If they don’t make their product in America, then they, very simply, they have to pay a tariff”

***

I posted on this yesterday:

• More on Trump’s proposed 25% tariff on automobiles, pharmaceuticals & semiconductor chips

I’ve seen so much bad information on what Trump said. He did not announce the tariffs. He did not announce an April 2 start date. He still hasn’t made a decision on the tariffs yet. Be careful what you read folks.

This article was written by Eamonn Sheridan at www.forexlive.com.