Morning Business Report: Trump announces new tariffs targeting key industries
President Donald Trump has announced plans to impose tariffs on automobiles and pharmaceuticals, later expanding the list to include the lumber and semiconductor industries.
(NBC)- President Donald Trump has announced plans to impose tariffs on automobiles and pharmaceuticals, later expanding the list to include the lumber and semiconductor industries. This marks a shift from earlier reports suggesting the tariffs would be more targeted rather than broad-based. Additionally, Trump unveiled a plan to impose a 25% tariff on all countries purchasing oil and gas from…