TRUMP SAYS PHARMACEUTICAL TARIFFS COULD REACH 200% – U.S President would give drugmakers about one year to ‘get their act together
U.S. President Donald Trump announced on Tuesday (July 8) that he plans to impose tariffs on imported semiconductors and pharmaceuticals, stating that the rate for medicines could reach 200%, but that he would give drugmakers approximately one year to “get their act together.”
Trump told reporters, speaking at a meeting of his Cabinet at the White House.
While announcing a new tariff rate for copper. He did not offer specifics on when the other announcements would come.
