Trump floats 25% tariffs on imported cars, chips, drugs

U.S. President Donald Trump said Tuesday he plans to impose tariffs of around 25 percent on imported automobiles, semiconductors and pharmaceuticals, in yet another sign of his protectionist and transactional approach to global trade.Trump said at his Mar-a-Lago estate in Florida during a press conference, which was televised live, he will probably announce a higher car tariff rate on April 2 "in the neighborhood of 25 percent," up from the current 2.5 percent.Asked about tariffs on chips and pharmaceuticals, Trump said it would be "25 percent and higher, and it'll go very substantially hig…READ FULL ARTICLE