Trump signals tariffs on pharma, chips as trade war widens
Headline from Digital Journal
US President Donald Trump signaled Tuesday that fresh tariffs on imported pharmaceuticals and semiconductors could be unveiled as soon as the coming week,
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President Trump's trade agreement with the EU imposes a 15 percent tariff on most items, excluding pharmaceuticals. The impact and concerns are discussed.
Ever since President Donald Trump started promising to slap tariffs on pharmaceutical imports, drugmakers have unveiled a flurry of commitments to build or expand US manufacturing operations in the coming years.
President Donald Trump revealed Tuesday that he plans to put tariffs on pharmaceutical products, which will start at a lower duty but rise to 150 percent or 250 percent 12 to 18 months from now.
US President Donald Trump signaled Tuesday that fresh tariffs on imported pharmaceuticals and semiconductors could be unveiled as soon as the coming week,