President Donald Trump says new semiconductor tariff plan coming as soon as next week

Trade & Tariffs - A deal exists involving $600 billion for unspecified investments, aimed at recouping past losses [1] - The speaker expressed frustration over a $41 billion deficit with Switzerland, despite minimal tariffs [2] - Tariffs on specific excluded classes like steel and aluminum will be announced soon [4] Semiconductor & Pharmaceutical Industries - Tariffs will be imposed on semiconductors and chips to encourage domestic production in the United States [5] - A major Taiwanese company is investing $300 billion in Arizona to build a large chip and semiconductor plant [5] - Initially small tariffs on pharmaceuticals will increase to 150% within one year and up to 250% within one and a half years to promote domestic production [6]