U.S. President Donald Trump has unveiled a bold plan to impose tariffs of up to 250% on foreign-made pharmaceuticals, calling it a move to boost domestic production. In a CNBC interview, Trump said the tariffs would start "small" but escalate to 150% within 18 months, eventually hitting 250%—the highest rate he’s ever floated. 💥
"Made in America" or Price Hikes? 🏭
While Trump emphasized bringing pharma jobs back to the U.S., critics warn this could spike drug prices globally. The White House later clarified that details are still fluid, with spokesperson Kush Desai stating, "Nothing is final until the president announces it."
Semiconductors Next? 💻
Trump also teased new tariffs on semiconductors and chips, set to drop "sometime next week." With tech supply chains already strained, this could ripple through industries from smartphones to electric cars. 🔌
Young professionals and entrepreneurs are eyeing the news closely, as tariffs could reshape global trade dynamics. Stay tuned for updates! 📈
