Trump Announces Plan to Raise Pharmaceutical Tariffs to 250% | Impacts on Trade and Semiconductors
Former U.S. President Donald Trump has announced his intention to impose tariffs of up to 250% on imported pharmaceuticals in phases. This move is part of his strategy to promote domestic manufacturing and enhance national security. Similar measures may also extend to the semiconductor sector.
Trump cited both national security and supply chain concerns, particularly after COVID-19. He argues that America should produce essential goods like pharmaceuticals and semiconductors at home to avoid foreign dependence in future crises.
In an interview with CNBC, Trump explained that the tariffs would start low, then increase to 150% after about a year, and eventually reach 250%. Previously, he had proposed a 200% tariff, making this a more aggressive revision.
The U.S. Department of Commerce has been conducting research since April 2025 on the semiconductor industry. Tariffs on semiconductor imports are expected to follow. Trump praised TSMC's $165 billion investment in Arizona, claiming it would be the world’s largest chip plant.
Countries like Japan are negotiating with the U.S. to ensure equal treatment in the face of new tariffs. Meanwhile, U.S. tech giants like Microsoft, Meta, OpenAI, and Amazon worry about rising costs as chip prices may surge.
Trump's tariff proposals reflect his "America First" agenda. Whether enacted or not, such moves could reshape global trade policy and supply chains across critical industries.
For ongoing updates on global trade and economics, visit the FIXIO Blog.
This article explains the impact of former President Trump’s statement on raising tariffs on pharmaceuticals, focusing on U.S. trade policy and the semiconductor industry.
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