Trump: Pharma tariffs could eventually reach up to 250%, new semiconductor tariff plan coming soon

Trade Policy - Tariffs on pharmaceuticals from China and Ireland are expected to be announced soon [1] - A separate class of 15% tariffs is planned, excluding certain categories like steel and aluminum [1] - Semiconductors and chips are categorized separately to encourage domestic production in the United States [2] - A Taiwanese company is investing $30 billion in Arizona to build a large chip and semiconductor plant [2] - Initial tariffs on pharmaceuticals will be small, but are projected to increase to 150% within one year to one and a half years, and eventually to 250% to incentivize domestic production [3]