Trump eyes car, drug, semiconductor duties in ‘neighborhood of 25 percent’

President Trump plans to announce tariffs “in the neighborhood of 25 percent” for imported vehicles on April 2, along with similar duties on pharmaceuticals and semiconductors, with plans to hike over the following year if companies do not reshore production. Speaking at a press conference after signing executive orders at his Mar-a-Lago home and club in Florida, Trump answered a reporter’s question on what level of tariffs he might impose on automobile imports by saying, “I probably will tell you...