Trump floats 25% tariffs on US car, drug, chip imports

News Snapshot:

President Donald Trump said he would likely impose tariffs on automobile, semiconductor and pharmaceutical imports of around 25 per cent, with an announcement coming as soon as April 2nd in a move that would represent a dramatic widening of the president’s trade war. Mr Trump has previously announced 25 per cent tariffs on steel and aluminium that are set to take effect in March. Tuesday’s comments are his most detailed yet in specifying other sectors to be hit with fresh barriers if implemented. “I probably will tell you that on April 2nd, but it’ll be in the neighbourhood of 25...