00:00US President Donald Trump announced plans to impose tariffs on imported pharmaceuticals
00:06likely by the end of July.
00:08These levies may take effect around the same time as broader tariff rates scheduled to
00:12begin on August 1st.
00:30Trump indicated that tariffs on pharmaceuticals could eventually reach up to 200%, aiming
00:37to encourage companies to relocate production to the United States.
00:41He noted that drug makers would have a grace period of roughly one year to adapt before
00:46facing higher tariffs.
00:47Meanwhile, Trump also signaled that semiconductor tariffs are expected to follow shortly thereafter,
00:53with copper used in semiconductor production facing a 50% tariff.
00:58.
Comments