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Trump announces chips, drug probes, opening door to tariffs

  • The Trump administration has commenced investigations into imports of pharmaceuticals and semiconductors, aiming to impose tariffs based on national security, as noted in notices published on the Federal Register.
  • A public comment period of 21 days will follow the announcements regarding these sector investigations, according to the filings set for release on Wednesday.
  • John Murphy III, CEO of the Association for Accessible Medicines, warned that tariffs could worsen drug shortages and reduce patient access, stating, 'Tariffs will only amplify the problems that already exist in the U.S. Market for affordable medicines.'
  • President Donald Trump confirmed plans to apply tariffs on pharmaceuticals, declaring, 'We need to make our own drugs.
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WTVC broke the news in on Monday, April 14, 2025.
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