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Ladybbird · 06-08-25, 12:25

Trump Threatens 250% Tariffs on Pharmaceuticals & New Duties on Foreign Semiconductors

Donald Trump has dramatically escalated his trade rhetoric, warning that tariffs on imported pharmaceuticals could soar to as much as 250% as part of a broader push to bring manufacturing back to American soil.

Irish Central 6 AUG 2025

We'll be putting initially small tariff on pharmaceuticals, but in one year maximum, its going to go to 150%, he said.

And then its going to go to 250% because we want pharmaceuticals made in our country, Trump added.

In the same interview, he said he also intends to unveil new duties on foreign semiconductors.

Both sectors had previously been the subject of national security investigations under his administration, which are now nearing completion and may provide the legal framework for the proposed tariffs.

These latest comments are part of a renewed wave of protectionist trade policy aimed at reducing US dependence on key imported goods, especially from strategic rivals.

Trump has already imposed 50% tariffs on steel and aluminium and introduced targeted levies on vehicles and auto parts.

India is also under threat of higher duties, with Trump citing New Delhis continued purchases of Russian oil as justification for upcoming measures

'I expect to raise the US tariff on Indian imports very substantially over the next 24 hours'

While a general 10% tariff on nearly all US trading partners was enacted in April, Mr Trumps strategy has increasingly involved a sector specific approach, targeting goods that Washington deems sensitive to national security.

The pharmaceutical and semiconductor industries critical to both public health and technology infrastructure now appear to be at the center of this escalating trade agenda, raising concerns among global suppliers, including Irish manufacturers with significant exports to the US

06-08-25, 12:25	#1
Ladybbird Join Date: Feb 2011 Posts: 50,586 Thanks: 28,767 Thanked 14,428 Times in 10,234 Posts Awards Showcase Total Awards: 8	WOW -US Facing Trumps HUGE 50% Tariff on Brazilian Coffee Imports-Americans Will Pay Trump Threatens 250% Tariffs on Pharmaceuticals & New Duties on Foreign Semiconductors Donald Trump has dramatically escalated his trade rhetoric, warning that tariffs on imported pharmaceuticals could soar to as much as 250% as part of a broader push to bring manufacturing back to American soil. Irish Central 6 AUG 2025 We'll be putting initially small tariff on pharmaceuticals, but in one year maximum, its going to go to 150%, he said. And then its going to go to 250% because we want pharmaceuticals made in our country, Trump added. In the same interview, he said he also intends to unveil new duties on foreign semiconductors. Both sectors had previously been the subject of national security investigations under his administration, which are now nearing completion and may provide the legal framework for the proposed tariffs. These latest comments are part of a renewed wave of protectionist trade policy aimed at reducing US dependence on key imported goods, especially from strategic rivals. Trump has already imposed 50% tariffs on steel and aluminium and introduced targeted levies on vehicles and auto parts. India is also under threat of higher duties, with Trump citing New Delhis continued purchases of Russian oil as justification for upcoming measures 'I expect to raise the US tariff on Indian imports very substantially over the next 24 hours' While a general 10% tariff on nearly all US trading partners was enacted in April, Mr Trumps strategy has increasingly involved a sector specific approach, targeting goods that Washington deems sensitive to national security. The pharmaceutical and semiconductor industries critical to both public health and technology infrastructure now appear to be at the center of this escalating trade agenda, raising concerns among global suppliers, including Irish manufacturers with significant exports to the US __________________ That buzz you hear is George Washington spinning in his grave