U.S. President Donald Trump said on Tuesday he intends to impose auto tariffs "in the neighborhood of 25%" and similar duties on semiconductors and pharmaceutical imports, the latest in a series of measures threatening to upend international trade.

The trade threats could reduce exports to the United States and dampen investment in Europe, dealing a blow to growth at a time when the continent is already facing a lackluster economy.

Here’s what you need to know about reciprocal tariffs and who might be impacted by Trump’s plan. Reciprocal tariffs refer to tariffs—the taxes charged on imported goods—the U.S. government plans to levy against global trading partners that are equal to the existing tariffs foreign countries have set against American goods.

U.S. President Donald Trump said on Tuesday auto tariffs will be around 25% and he will have more to share on the topic on April 2. On Friday, Trump said levies on automobiles would come as soon as April 2,

Commission President Ursula von der Leyen said unjustified tariffs would prompt "proportionate and decisive countermeasures", echoing her vow on Tuesday of a "firm and proportionate" response to Trump's decision to impose tariffs on all steel and aluminum imports.

US President Donald Trump announced plans on Tuesday to impose a 25% tariff on automobile imports, along with similar duties on semiconductors and pharmaceutical products.

TRUMP'S TREASURY SECRETARY SHUTS DOWN ANY TARIFF CONCERNS, PRAISES ‘FRICTIONLESS GLOBAL TRADE’ Trump has been busy pursuing other tariffs since taking office as well. He inked

U.S. President Donald Trump on Tuesday said he would probably announce 25% tariffs on imports of cars, semiconductors and pharmaceuticals on April 2, marking a widening of targeted sectors after previously imposing levies on imports of steel and aluminum.