Jan. 16, 2026, 10:28 p.m.

USA

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Trump: Tariffs on cars, drugs and chips could be about 25 percent

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"I'm probably going to tell you on April 2, but it's going to be around 25 percent," Trump said Tuesday at his Mar-a-Lago resort in Florida, responding to reporters' questions about the auto tariffs.

"It's going to be 25 percent or more," he said of imported drugs, "and it's going to go up significantly in a year."

Bloomberg quoted Trump as saying he wanted to give companies "time to come in" before announcing new tariffs.

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