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Trump Says New Tariffs Will Goal Semiconductors, Metal, and Pharma
The Tycoon Herald > Politics > Trump Says New Tariffs Will Goal Semiconductors, Metal, and Pharma
Politics

Trump Says New Tariffs Will Goal Semiconductors, Metal, and Pharma

Tycoon Herald
By Tycoon Herald 7 Min Read
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This text was initially revealed  by The Epoch Occasions: Trump Says New Tariffs Will Goal Semiconductors, Metal, and Pharma

Talking on the Home Republican retreat, Trump urged GOP members to stay collectively.

DORAL, Fla.— President Donald Trump delivered a speech on the Home Republican retreat on Jan. 27 at his Doral golf resort in Florida. Throughout his speech, Trump laid out his tariff proposals, figuring out the industries they may goal.

“In the very near future, we’re going to be placing tariffs on foreign production of computer chips, semiconductors, and pharmaceuticals,” Trump stated.

“I’ll also be placing tariffs on steel, aluminum, copper, and things that we need for our military. We have to bring production back to our country.”

Trump final week stated his administration might begin implementing tariffs on merchandise coming from China as early as Feb. 1.

“We’re talking about a tariff of 10 percent on China based on the fact that they’re sending fentanyl to Mexico and Canada,” the president advised reporters on the White Home. On the marketing campaign path, Trump had proposed a 60 % tariff on all Chinese language items.

He additionally signaled on Jan. 20 that he could impose 25 % tariffs on Mexico and Canada on Feb. 1 over their failures to handle unlawful immigration and the circulate of fentanyl into america.

Throughout his speech at Trump Nationwide Doral Miami golf membership, the president additionally reiterated his promise to scale back company taxes from 21 % to fifteen % for firms making merchandise in america.

“We’re going to protect our people and our businesses, and we’re going to protect our country with tariffs,” he stated.

“I’m also eager to get to work with Congress on the largest package of tax cuts and reforms in American history; we’ve got to get that done,” Trump stated. “We don’t want to get hung up on the budget process … whether it’s one bill, two bills, I don’t care.”

Throughout his roughly hour-long speech, the newly sworn-in president claimed victory following the approval of what he stated was 350 government actions thus far since taking workplace on Jan. 20.

“There’s nothing we cannot achieve as long as the Republican Party remains united. I hope you can remain united,” Trump advised GOP lawmakers who’re presently negotiating the phrases of a reconciliation bundle.

Roughly 170 out of 218 GOP lawmakers are attending this yr’s convention in particular person, in keeping with spokesperson of Home Republican Convention Chair Lisa McClain (Mich.). Throughout their three-day planning session, Home Republicans are anticipated to put out Trump’s formidable legislative agenda.

Trump has touted his government actions since taking workplace, together with imposing a federal hiring freeze, a freeze on federal laws, and a halt to international support.

Trump additionally hailed the Senate’s approval of Pete Hegseth as secretary of protection. His speech additionally got here in opposition to the backdrop of Treasury Secretary nominee Scott Bessent’s Senate affirmation by a vote of 68 to 29.

Trump spent practically quarter-hour speaking about border safety and unlawful immigration.

He responded to feedback from Colombian President Gustavo Petro, who wrote on X that unlawful aliens on repatriation flights have been “being treated like criminals.”

“These are murderers, drug lords, gang members, just the toughest people you’ve ever met or seen,” Trump stated. “Have you ever seen the movie Con Air?” he requested, referencing a 1997 film starring Nicolas Cage by which prisoners overtake a jail transport flight.

“You’ve got 2 pilots up there, and you’ve got 300 people sitting on a plane, every one of them either a murderer, a drug lord, a kingpin of some kind, the head of a mob, or a gang member, and you’re flying that plane.”

After a quick spat over deportation of unlawful immigrants, the Colombian president agreed to Trump’s phrases, the White Home introduced earlier, “including the unrestricted acceptance of all illegal aliens from Colombia” at once.

In an announcement late on Jan. 26, Colombian Overseas Minister Luis Gilberto Murillo stated that his authorities will make “the presidential plane ready to facilitate the return of Colombians.”

Trump can also be anticipated to signal new government orders limiting brazenly transgender folks serving within the U.S. navy, in addition to eliminating range, fairness, and inclusion (DEI) applications and practices inside the navy, the White Home stated on Jan. 27. These orders will apply to the assorted branches of the U.S. navy and the U.S. Coast Guard.

All through his speech, Trump appeared assured and cracked jokes.

He stated, “I’ve raised a lot of money for the next presidential race … that I assume I can’t use for myself, but I’m not 100% sure. I think I’m not allowed to run again. I’m not sure. Am I allowed to run again, Mike?”

Trump additionally praised Speaker Mike Johnson (R-La.), calling him “high quality” and “very religious person.”

Earlier than ending his speech, Trump urged Republicans to stay collectively to extend their Home majority within the 2026 midterm elections.

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