New tariffs on microchip and pharmaceutical imports to be imposed “in the next week or so” — D. Trump

Translation. Region: Russian Federal

Source: People's Republic of China in Russian – People's Republic of China in Russian –

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Source: People's Republic of China – State Council News

NEW YORK, Aug. 5 (Xinhua) — U.S. President Donald Trump said on Tuesday that tariffs on U.S. imports of microchips and pharmaceuticals will be imposed "in the next week or so."

“We’ll put a small tariff on pharmaceuticals first,” Trump said in an interview with CNBC. “But in a year, a year and a half at the most, it’ll go up to 150 percent, and then to 250 percent, because we want pharmaceuticals to be made in our country.”

According to the American leader, a statement will also be made in the near future on the issue of duties on semiconductor products and microcircuits.

D. Trump added that his plans to introduce customs duties are still far from complete.

The announcement comes days after the U.S. administration imposed new tariffs on imports from a number of countries. They followed the release of a disappointing July jobs report on Aug. 1 that not only missed market expectations but also included downward revisions to employment figures for both June and May. –0–

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