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Trump says he'll impose tariffs on oil and gas imports next month, and eventually on pharmaceuticals

Trump says he'll impose tariffs on oil and gas imports next month, and eventually on pharmaceuticals

CBSN
Friday, January 31, 2025 10:16:19 PM UTC

President Trump on Friday said the U.S. will impose tariffs on oil and gas imports, likely next month, as well as tariffs on CHIP semiconductor technology and pharmaceuticals eventually. 

"Eventually, we're going to put tariffs on CHIPS," the president told reporters in the Oval Office on Friday. We're going to put tariffs on oil and gas." 

Speaking to reporters in the Oval Office Friday, the president said he'll add tariffs on oil and gas imports around Feb. 18, without citing specific countries. 

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