Via the Wall Street Journal on Thursday:
President Trump reiterated his pledge to impose tariffs on pharmaceuticals and semiconductors during his Air Force One flight Thursday, but he didn't say when they would be announced.
“The chips are starting very soon,” he said. “The pharma is going to start coming in, I think, at a level that we haven’t really seen before. We are looking at pharma right now. Pharmaceuticals. It’s a separate category. We’ll be announcing that sometime in the near future. It’s under review right now.”
Well, I don't know what this all means, but I don't think it means anything good for chemists in the United States. I guess we're going to find out.
We are governed by idiots.
ReplyDeleteI have empathy for whoever is the poor commerce department person that wasn't RIFed and has to update the HTS documentation. The numbers change every day. (Not to say the effects aren't bad, just feel for the person doing the admin!)
ReplyDeleteI'm in oil and gas and know someone in legal who works in trade/tariff stuff. They said they this was a nightmare because they have no idea from day to day what the tariff situation will be. When capital projects and investments take are multi year projects you need some predictibility.
DeleteDon’t feel bad about not knowing what Trump means, Trump doesn’t even know what Trump means.
ReplyDelete