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Trump Vows More Tariffs on Pharma, Oil, Steel, Chips

Financial Express Kochi

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February 02, 2025

PRESIDENT DONALD TRUMP said he would impose tariffs on a wide range of imports, including oil and metals, in the coming months, expanding his plans to enact sweeping trade levies well beyond those set to hit China, Canada and Mexico on Saturday.

- Bloomberg February 1

Bloomberg February 1

"We'll be doing pharmaceuticals and drugs, medicines, etc., all forms of medicine and pharmaceuticals. And we'll be doing very importantly steel and we'll also be doing chips and things associated with chips," Trump said Friday from the Oval Office where he was signing an executive order on deregulation.

"We're going to put tariffs on chips. We're going to put tariffs on oil and gas. That will happen very soon, I think about the 18th of February. And we're going to put a lot of tariffs on steel," he added.

MEER VERHALEN VAN Financial Express Kochi

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