Trump signals new tariffs on pharmaceuticals, tech amid trade war

As President Trump enters the second full week of his trade war, he is signaling a new phase of tariffs targeting tech products and pharmaceuticals. Despite criticism from economists who describe his tariff strategy as risky, Trump is not backing down from his efforts to rebalance global trade in America's favor.

On Friday night, Customs and Border Protection announced 20 temporary tariff exemptions for items such as smartphones, computers, and semiconductors entering the United States. However, Commerce Secretary Howard Lutnick said Sunday that these exemptions are temporary as the administration prepares sector-specific tariffs on tech and pharmaceuticals.

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