Trump promises new sector tariffs on semiconductors and pharmaceuticals

Published August 5, 2025 10:50am ET



President Donald Trump is upping the ante with tariffs, promising new import duties on semiconductors and pharmaceuticals.

During a phone interview with CNBC’s “Squawk Box,” Trump said he’d raise import duties on computer chips and drugs, potentially up to 250% to drive manufacturing in those industries back into the U.S.

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