Trump says US auto tariffs to be around 25%

US President Donald Trump said that planned tariffs on imported cars would be around 25 percent, answering reporters' questions on the duties that he seeks to unveil around April 2.

Soundbite said  SOUNDBITE  - Donald Trump, US President "Yeah, I probably will tell you that in on April 2nd, but it'll be in the neighborhood of 25 percent. It'll be 25 percent and higher and it'll go very substantially higher over a course of a year. But we want to give them time to come in because as you know when they come into the United States and they have their plant or factory here. There is no tariff So we want to give them a little bit of a chance. Yes. Thank you." 

Asked also about tariffs he has floated on sectors like pharmaceuticals, Trump added that he wanted to give companies time to enter the US market.