U.S. President Donald Trump is readying plans for industry-specific tariffs to kick in alongside his country-by-country duties in two weeks, ramping up his push to reshape the United States¡¯ standing in the global trading system by penalizing purchases from abroad.
Administration officials could release details of Trump¡¯s planned 50% duty on copper in the days before they¡¯re set to take effect Aug. 1, according to a person familiar with the matter. That¡¯s the same date so-called reciprocal levies on products from more than a 100 nations are slated to begin.
Trump said Tuesday he is likely to impose tariffs on pharmaceuticals by month¡¯s end, adding that import taxes on semiconductors could come soon as well.
With your current subscription plan you can comment on stories. However, before writing your first comment, please create a display name in the Profile section of your subscriber account page.