President Donald Trump said he will soon release details of new tariff plans for semiconductors and chips.
“We’re going to be announcing on semiconductors and chips, which is a separate category, because we want them made in the United States,” Trump said in an Aug. 5 interview with CNBC’s “Squawk Box.”
The announcement, Trump said, could happen “within the next week or two.”
He also stated in the lengthy interview that he plans to impose tariffs on pharmaceuticals entering the United States, which could reach as high as 250 percent.
Reiterating his previous proposal, the president said he would first implement a “small tariff” on pharmaceutical products. Then, after more than a year, he would impose a “maximum” levy that would rise to 150 percent and then 250 percent….