President Trump has announced plans to impose new tariffs on imported semiconductors and pharmaceuticals, starting at 25% and potentially increasing over time.
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00:00President Trump has announced plans to impose new tariffs on imported semiconductors and
00:04pharmaceuticals, starting at 25% and potentially increasing over time. The White House has
00:09initiated national security investigations into the reliance on foreign-made chips and drugs,
00:15particularly from countries like Taiwan, South Korea, and Ireland, which could lead to further
00:20trade restrictions. While some electronics, like smartphones and laptops, have been temporarily
00:25exempted from these tariffs. The broader strategy signals a push to reduce dependency on global
00:31supply chains. Industry experts warn these measures could result in higher consumer prices
00:35and significant disruptions to global manufacturing networks.