Joe.My.God. LGBT News
Reuters reports:
Trump told reporters at his Mar-a-Lago estate in Florida on Tuesday that sectoral tariffs on pharmaceuticals and semiconductor chips would also start at “25% or higher”, rising substantially over the course of a year. He did not provide a date for announcing those duties and said he wanted to provide some time for drug and chip makers to set up U.S. factories so that they can avoid tariffs.
Trump said he expected some of the biggest companies in the world to announce new investments in the United States in the next couple of weeks. He provided no further details. Last week, he directed his economic team to devise plans to impose reciprocal tariffs that match the tariff rates of every country product-by-product. He said he would press EU officials to increase U.S. imports of cars and other products.
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Trump says he will introduce 25% tariffs on autos, pharmaceuticals and chips
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— News HQ (@newshq.bsky.social) February 19, 2025 at 2:23 AM