US President Donald Trump says the US could impose 25% tariffs on autos, microchips, and pharmaceuticals as part of a policy of mirror tariffs.

📌 Highlights:
🔹 Auto: Trump said tariffs on autos would be about 25%, with additional details to be announced on April 2.
🔹 Chips and Pharma: Tariffs would start at 25% and rise throughout the year.
🔹 Anti-BRICS: Imports from Brazil, Russia, India, China, and South Africa could be subject to 100% tariffs.

The White House sees these tariffs as a way to protect the US economy and increase tax revenues. An investigation into trade barriers between countries is expected to conclude on April 2.

🚗 Europe has already caved in: Trump noted that the EU had cut its tariff on American cars from 10% to 2.5%, which is in line with the US rate. He called on all other countries to follow suit.

💡 Trump's mirror tariff policy could spark new trade wars and global price increases, especially in the auto and technology industries.