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United States President Donald Trump has advanced plans to introduce tariffs on semiconductors and pharmaceutical products, even as he floated the possibility of a reprieve from his duties on the auto industry.
In the latest flurry of trade announcements on Monday, the Trump administration launched investigations into the national security implications of importing the goods and related products, including chip-making equipment and pharmaceutical ingredients.
The probes follow Trump’s remarks over the weekend that he would announce the details of new tariffs on semiconductors within days, after his administration exempted the chips and other high-tech goods from his reciprocal tariffs unveiled on April 2
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