Donald Trump plans to impose tariffs larger than 2.5% as part of his strategy to reshape US supply chains. He discussed tariffs on sectors like semiconductors, pharmaceuticals, and metals, and suggested tariffs on Canadian and Mexican cars, along with 25% tariffs starting February 1. Trump claims this will cut taxes, boost jobs, and support US manufacturing.
ET Online | 28 Jan 2025, 12:56 PM IST
![Time to get money from settlement running out in Canada [Video]](https://canadanewsvideo.com/wp-content/uploads/2025/01/mp_719631_0_CanadianAmericancashdonationsbillsjpg.jpg)
![What are tariffs and how do they work? [Video]](https://canadanewsvideo.com/wp-content/uploads/2025/01/mp_719001_0_FeaturedImageFallbackNationalNews28jpg.jpg)
![Trump says we dont need Canadas oil and gas [Video]](https://canadanewsvideo.com/wp-content/uploads/2025/01/mp_718074_0_CP173873032e1737651597275jpg.jpg)
