The Chairman and CEO of former Chrysler Bob Nardelle explains how President Donald Trump’s tariff affects the automotive industry on the “end result”.
The administration of President Donald Trump is encouraging investigations into American pharmaceutical semiconductors and imports this week, which is the latest sign that Trump plans to strike sectors with definitions.
Monday files to the Federal Registry announced 21 days suspension periods for investigations in both groups of imports. Trump administration He argued that the definitions are necessary in order to secure the local production of pharmaceutical preparations and semi -conductors for national security reasons.
“We do not make our drugs, medications, and other things to improve. They are made in other countries and pay a number. I mean, the same package in our country compared, such as London and other places, sometimes 10 times, more than 10 times. Something sells it for $ 88 in London, sells for $ 1300 here, at the same time by the same company.
He added: “We will define our medicines. Once you do this, they will return to our country, because we are a big market. The advantage we have for everyone is that we are the big market.”
Trump’s mutual tariff, Yusr China’s additional irritants
President Donald Trump’s administration removes the road to impose tariffs on semiconductors and pharmaceutical imports. (Flags of Courage)
Trump also put his attention on semiconductors on Sunday, saying Customs tariff levels It will be announced during the week.
White House trading head says Trump has no plans to speak with Shi Jinping about the war of tariffs
“We wanted to cancel its complexity from many other companies, because we want to make us Chips and semi -conductors “Other things are in our country,” Trump told reporters while on the first air force on Sunday evening.
In January alone, the United States witnessed a negative balance of trade in the semiconductor sector of 322 million dollars – as it confiscated 521 million dollars and the import of 843 million dollars, according to the economic complexity Observatory.
President Donald Trump says that domestication of pharmaceutical production is the issue of national security. (Getty Images / Getty Images)
“In the event of war, in case of anything, we do not rely on China and other different countries to provide us with drugs, which is not a good idea, and this will happen very quickly,” the president said.
Trump specifically summoned Ireland to “take” American pharmaceutical companies in March when Irish Prime Minister Micheál Martin hosted.
“Irish is smart, yes, smart people,” Trump said. “Our pharmaceutical companies and other companies have taken this beautiful island with a population of 5 million people who got the entire American pharmaceutical industry in their understanding.”
President Donald Trump and Irish Tawaish Michel Martin speak to journalists before meetings at the White House Casablanca on March 12, 2025. (Photo by Chip Somodevilla / Getty Images / Getty Images)
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“when Pharmaceutical companies I started going to Ireland, I would have said this is good, if you wanted to go to Ireland. I think this is great. But if you want to sell anything in the United States, I will put a 200 % tariff on you so that you are not able to sell anything to the United States, “Trump added at the time.” Do you know what they will do? They would stay here. “
Fox News, “Emma Colon and Reuters, contributed to this report
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