Inside Trade

February 14, 2025

Trump promises tariffs on chips, steel, pharmaceuticals 

By Margaret Spiegelman  / January 27, 2025 at 8:58 PM
President Trump on Monday evening said he plans to place new tariffs on semiconductors, pharmaceuticals and steel, among other products. “In the very near future, we're going to be placing tariffs on foreign production of computer chips, semiconductors and pharmaceuticals, to return production of these essential goods to the United States of America,” he said in an address to House Republicans at the Trump National Doral Resort in Miami, Florida. Trump contended that tariffs could incentivize manufacturers to move production...

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