US President Donald Trump today sparked controversy again by promising tariffs “much bigger” than 2.5% to overhaul the American economy.
In a press conference on Air Force One, Trump hinted at massive tariffs.
The main target? Key sectors such as semiconductors, pharmaceuticals, steel, copper, aluminum, and even cars from Canada and Mexico.
The tax plan is intended to protect American workers and reduce corporate taxes for companies that produce products in the country.
The announcement came after China’s DeepSeek application shook global markets and wiped out billions in Nvidia’s market value.
Trump described the tariffs as a ‘warning siren’ for America, while promising to impose tariffs on semiconductors to boost local production.
He also insisted that companies must build their factories in the United States, or pay the taxes and tariffs that will be imposed.
The message is clear – Trump’s economic strategy is tariffs, austerity, and reviving domestic production.
