Trump Teases Pharma, Chips Tariffs

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President Donald Trump said that US tariffs on semiconductor and pharmaceutical imports would be announced “within the next week or so,” as the administration prepares to target key economic sectors in its effort to remake global trade.  

“We’ll be putting a initially small tariff on pharmaceuticals, but in one year — one and a half years, maximum — it’s going to go to 150% and then it’s going to go to 250% because we want pharmaceuticals made in our country,” Trump said Tuesday in an interview on CNBC. 

“We’re going to be announcing on semiconductors and chips, which is a separate category,” the president continued.

Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz deliver insight and analysis on the latest headlines from the White House and Capitol Hill, including conversations with influential lawmakers and key figures in politics and policy. On this edition, Joe and Kailey speak with:

• Bloomberg Washington Deputy Bureau Chief Laura Davison.
• Former Deputy US Trade Representative Sarah Bianchi.
• Bloomberg Politics Contributors Rick Davis and Jeanne Sheehan Zaino.
• Retired Two-Star Marine Corps Major General Arnold Punaro, former Staff Director of the Senate Armed Services Committee.

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