If he follows through, it could raise prices on many day-to-day items as economists are almost unanimous that tariffs are passed on as consumer price increases.

Donald Trump called for tariffs on foreign computer chips, semiconductors, and pharmaceuticals from places like Taiwan in the near future.

Imposing tariffs on imported pharmaceuticals could weigh on Japan, home of major drugmakers such as Takeda, Astellas, Daiichi Sankyo and Eisai, which has been expecting strong sales growth in the U.S. of its Alzheimer's disease drug Leqembi.

Former President Donald Trump is pushing for a bold strategy to bring semiconductor manufacturing back to American soil.

President Donald Trump has said he will impose tariffs – of up to 100 percent – on semiconductors and computer chips imported into the US.

He joined The Verge in 2021 after several years covering news at Engadget. Without going into detail about what might happen to the $52 billion in subsidies from the CHIPS Act under his administration,

The tariffs would ensnare cutting-edge smartphone and PC-related chips for Apple, AMD and Nvidia if enacted. But Trump is betting his plan will bring more chip production to the US.