WASHINGTON: US President Donald Trump said Tuesday that upcoming tariffs on imported pharmaceuticals could go as high as 250 percent – after starting at a lower level – adding he plans to unveil fresh duties on foreign semiconductors.
“We’ll be putting (an) initially small tariff on pharmaceuticals, but in one year, one-and-a-half years, maximum, it’s going to go to 150 percent and then it’s going to go to 250 percent because we want pharmaceuticals made in our country,” Trump said in an interview on CNBC.
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