Trump: We’ll reduce prices by 100% and in some cases more

Trump: We’ll reduce prices by 100% and in some cases more

The Trump administration has announced new tariffs aimed at reducing prices by 100% on certain imported products, including semiconductors and pharmaceuticals. The move is part of a broader strategy to boost domestic manufacturing and reduce reliance on foreign imports.

Semiconductors

The administration is considering a new policy that would mandate an equal ratio of domestically produced chips to imported chips. Companies failing to maintain this balance could face substantial tariffs, potentially up to 100%. The policy aims to address the vulnerability of U.S. technology companies to disruptions in global chip supply chains. According to Reuters, the new measures could pose significant challenges to large technology companies like Apple and Dell Technologies, which rely heavily on overseas chip production. However, companies expanding production in the U.S., such as Intel and Micron Technology, could benefit .

Pharmaceuticals

President Trump has announced a 100% tariff on branded pharmaceuticals, effective October 1, 2025. The tariff will not apply to companies building manufacturing plants in the U.S., which could limit its impact. Major drug manufacturers like Johnson & Johnson and Eli Lilly have pledged billions into expanding their operations in the U.S. to avoid the new duties .

Economic Impact

The new tariffs come as the U.S. economy faces increasing tariff rates, which have risen from 2.5% at the beginning of the year to around 21% currently. The Organization for Economic Cooperation and Development (OECD) expects the U.S. and global economies to continue losing momentum through 2026 due to higher tariffs .

References

https://news.futunn.com/en/post/62668984/targeting-semiconductor-production-the-trump-administration-is-reportedly-introducing-a
https://finance.yahoo.com/news/trumps-tariffs-drugs-furniture-could-231226996.html