US President Donald Trump speaks at a press conference at the White House, February 13, 2025. (Photo: Xinhua/VNA)

Trump said the tariff on imported cars will be 25%, while the tariff on semiconductors and pharmaceuticals, initially 25%, will increase after one year.  He encouraged other countries to build manufacturing facilities in the US to avoid these taxes.

Earlier this month, Trump announced a 25% tariff on goods from Canada and Mexico, but delayed implementation for a month due to measures taken by both countries to curb drug trafficking into the US.  He also imposed a 10% tariff on Chinese goods and a 25% tariff on all aluminum and steel imports. Trump also announced reciprocal tariffs on all US trading partners last week, but offered these countries an opportunity to negotiate alternative agreements.