What tariff rates does President Trump plan to implement on automobiles and semiconductors?

President Trump indicates that the auto tariff rate will be approximately 25%. For semiconductors and pharmaceuticals, he states the tariff will start at 25% and increase 'substantially higher over a course of a year.' He explains this approach gives companies time to relocate manufacturing to the United States, noting that once companies establish plants or factories in the US, they would face no tariffs. This reciprocal tariff strategy aims to level the playing field in international trade, particularly with the EU, which Trump claims has historically been 'very unfair' to the US.