Trump Announces New Tariffs on Pharma, Semiconductors, and India
TL;DR Summary
President Trump threatened to impose tariffs up to 250% on pharmaceutical imports to encourage domestic manufacturing, causing concern among drug companies about supply chain disruptions and increased costs, while major firms are investing heavily in U.S. production.
- Trump threatens pharma tariffs of up to 250 percent The Hill
- Trump says new semiconductor tariff plan coming as soon as next week CNBC
- US trade gap skids to 2-year low; tariffs exert pressure on service sector Reuters
- Stock Market News, Aug. 5, 2025: Trump Says Chip, Pharma Tariffs Coming Soon; Nasdaq Drops The Wall Street Journal
- Trump Ramps Up Tariff Blitz With India, Pharma, Chips in Sights Bloomberg.com
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