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International Business Times
International Business Times
Business

Trump Signals Tariffs On Pharma, Chips As Trade War Widens

US President Donald Trump says incoming tariffs on pharmaceuticals could go as high as 250 percent after starting at a low level (Credit: AFP)

US President Donald Trump signaled Tuesday that fresh tariffs on imported pharmaceuticals and semiconductors could be unveiled as soon as the coming week, as he presses on in efforts to reshape global trade.

Trump's latest comments, in an interview on CNBC, come days before a separate set of tariff hikes takes effect on dozens of economies later this week.

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