Trump's Bold Tariff Plan Targets Global Trade

President Donald Trump is set to impose tariffs on automobiles, aluminum, and pharmaceuticals imminently, citing the need for these goods during crises. Commerce Secretary Howard Lutnick announced the upcoming launch of the 'external revenue service,' highlighting a decisive shift in U.S. trade policy.

President Donald Trump announced plans to unveil tariffs on automobiles, aluminum, and pharmaceuticals, emphasizing the need for these goods during potential crises like wars. Speaking from the White House, Trump stressed the importance of these products for national security and critiqued what he perceived as unfair trade practices.

In a meeting with his Cabinet, Trump remarked on perceived injustices in international trade, stating, 'We've been ripped off by every country.' He conveyed that these tariffs are part of a broader strategy to rectify what he views as economic imbalances.

Commerce Secretary Howard Lutnick added that April 2 is marked for the imposition of these tariffs. This date will also see the introduction of what he termed 'the external revenue service,' a measure designed to enhance revenue from international sources, signaling a significant pivot in U.S. trade policy.

(With inputs from agencies.)