Trump Plans Tariffs on Auto, Tech Industries Ahead of 'Liberation Day'

President Donald Trump is set to announce new tariffs on April 2, dubbed 'Liberation Day,' which are expected to impact various industries, notably the automotive and technology sectors. The announcement includes a 25% tariff on auto imports, affecting manufacturers like Ford and General Motors, while Tesla may face less impact due to its domestic production. Apple is particularly concerned about potential tariffs on its consumer electronics, as rising import costs could squeeze profit margins, prompting analysts to liken it to a 'tax' on consumers. Additionally, the pharmaceutical and semiconductor industries are bracing for tariffs that may exceed 25% over time, with companies like Nvidia moving to increase U.S.-based production to mitigate the effects. As global markets react ahead of the announcement, countries like China, Japan, and South Korea are preparing countermeasures against U.S. trade policies. Overall, there is significant uncertainty surrounding the implications of these tariffs on both U.S. companies and international trade relations.