Trump says the definitions of cars, the drugs coming in the “near future”

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US President Donald Trump, US Secretary of State Marco Rubio and CEO of Tesla Elon Musk, will attend a meeting with the White House cabinet in Washington, DC, United States, March 24, 2025.

Carlos Baria Reuters

president Donald Trump He said on Monday that he will soon announce the definitions targeting cars, pharmacy and other industries, which indicates his plans to form more comprehensive duties on his upcoming head.Mutual definitions

“We will announce the cars very soon,” Trump said at the cabinet meeting. “We have already announced steel, as you know, and aluminum.”

He said: “We will announce medications at some point, because we must have medications.”

“So we will announce some of these things in the very near future, not the long future, in the very near future,” Trump said.

In another White House event later on Monday, Trump added wood industries and conductors to his list, saying that the definitions of these two sectors will come “on the road.”

However, when he was accumulating in new sectors for potential definitions, Trump said at the same event that he “may give many countries breaks” on mutual customs duties, which are scheduled to enter on April 2.

When clicking on clarifying whether the sectoral tariffs will also start on that day, Trump said at the beginning, “Yes, everything will be.”

Then he said: “But not all the definitions are included on that day.”

It also hinted that the customs tariff may be announced on cars before the mutual definitions begin.

“We will announce that it is somewhat close to the next few days, and it may come, then April 2, that will be a mutual tariff,” he said.

Wall Street Magazine I mentioned On Sunday, the White House is likely to exclude the definitions of the industry from April 2 batch, despite Trump’s proposal a week before both types of definitions will start On the same day.

The president’s recent comments came hours after her pledge to slaughter 25 % tariff On all countries that buy oil and gas from Venezuela.

“We have separated from every country in the world,” Trump said at the cabinet meeting.

“We have done something with Venezuela, which is long in making it,” he said. “We will announce the cars very soon.”

Read more CNBC policy coverage

A White House official told CNBC on Monday that the definitions targeting specific sectors “may occur or not.”

The official, who spoke on the condition of anonymity, said: “There has been no final decision as much as the sector is transferred to the reciprocity.”

Main stock indexes On Monday, after reports that Trump could reduce customs tariff plans.

The official did not immediately respond to the CNBC request for an additional comment after Trump’s observations at the cabinet meeting.



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