President Donald Trump announced that he is likely to impose tariffs of around 25% on automobile, semiconductor, and pharmaceutical imports. The new duties, if implemented, would significantly widen the ongoing trade war and affect key consumer products. Trump has previously proposed reciprocal tariffs and duties on metals, with 25% tariffs on steel and aluminum set to take effect in March. The announcement of these new tariffs is expected as soon as April 2. — news from WLKY Louisville
