After Trump significantly increased tariffs on various countries globally, the strategy gradually shifted to imposing tariffs on specific materials and products.
Trump currently enforces a 25% tariff on cars and a 50% tariff on steel and aluminum.
Trump plans to impose a 50% tariff on copper.
Moreover, he has been preparing to impose tariffs on pharmaceuticals and semiconductors.
The copper tariff will be implemented later in July or on August 1.
Investigations into the pharmaceutical and semiconductor sectors will be completed by the end of the month.
He has called on American pharmaceutical and semiconductor companies to quickly bring their production lines back to the U.S.
The impact of pharmaceuticals and semiconductors on our country is enormous. Even if production lines are relocated, it is not an easy task.
The resulting fluctuations in public sentiment and industry will not be small.#关税