President Donald Trump is hinting that new tariffs on the semiconductor industry could go into effect soon as he rips into China.
‘The tariffs will be in place in the not-too-distant future,’ Trump told reporters on Air Force One on Sunday night.
‘Like we did with steel, like we did with automobiles, like we did with aluminum… we’ll be doing that with semiconductors, with chips and numerous other things,’ he added.
Trump also said that tariffs on the pharmaceutical industry will be happening ‘very fast.’
‘We’re going to have our drugs made in the United States, so that in case of war, in case of whatever, we’re not relying on China and various other countries, which is not a good idea,’ Trump went on.
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