Trump plans to impose tariffs on industries such as automotive and pharmaceuticals.

On March 25, U.S. President Trump stated on Monday local time that he would soon announce new tariff measures targeting multiple industries such as automobiles and pharmaceuticals, which means that additional comprehensive tariffs will be imposed on top of the upcoming "reciprocal tariffs." Trump mentioned in a cabinet meeting, "The auto tariffs will be announced soon. It is well known that we have already implemented tariffs on steel and aluminum." He added, "We will also announce pharmaceutical tariffs in due course, as we must take control of the pharmaceutical industry." Trump emphasized, "These measures will be announced soon—not far off, but very soon." Later that day, at another event at the White House, Trump further revealed, "Additional tariffs involving automobiles, timber, and chips will be announced in the coming days." It is still unclear whether these targeted tariffs will be implemented simultaneously with the retaliatory tariffs that take effect on April 2. Just hours before this statement, Trump had announced that a 25% tariff would be imposed on all purchases of Venezuelan oil and gas.