United States President Donald Trump has again sent industries into a spin after saying his administration would be targeting automobiles, pharmaceuticals and other industries on top of reciprocal tariffs that are already pegged to start on 2 April.
“We’ll be announcing cars very shortly,” Trump said in a Cabinet meeting.
“We already announced steel, as you know, and aluminum.
“We’ll be announcing pharmaceuticals at some point because we have to have pharmaceuticals.
“So we’ll be announcing some of these things in the very near future, not the long future, the very near future.”
As he affected markets and livelihoods in whole sectors of the global workforce by just uttering their existence, he also said he “may give a lot of countries breaks” on reciprocal tariffs due next week.
Later that day, he reportedly threw the lumber and semiconductor industries onto his hitlist at a White House event, saying tariffs on those two sectors would come “down the road.”
The comments also came just hours after Trump warned that any country buying oil or gas from Venezuela would also get hit with an extra 25% tariff.
