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Trump says pharma, chips tariffs incoming as trade war widens

US President Donald Trump waves before boarding Marine One at Lehigh Valley International Airport in Allentown, Pennsylvania, on August 1, 2025, on his way to his residence in Bedminster, New Jersey, where he spend the weekend. [AFP]

US President Donald Trump signaled Tuesday that fresh tariffs on imported pharmaceuticals and semiconductors could be unveiled within the coming week, in his ongoing push to reshape global trade.

Trump made his latest comments in an interview on CNBC days before a separate set of tariff hikes come into effect on dozens of economies later this week.

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