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00:00Cars are about to get much more expensive.
00:03President Trump plans to slap a new 25% tariff on imported autos, chips, and pharmaceuticals
00:10as early as April 2nd.
00:12Trump recently enacted a 10% across-the-board tariff on goods coming from China and 25%
00:18tariffs on all steel and aluminum imports.
00:21The president telling reporters it'll go substantially higher over a course of a year, but he wants
00:26to give them time to bring production to the U.S.
00:29The new tariffs could also impact popular weight loss drugs Ozempic and Wagovi.