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 on Friday, the president said he'll add tariffs on oil and gas imports around Feb. 18, without citing specific countries.
Main Idea: President Donald Trump said he plans to put new tariffs on oil and gas imports next month, with more tariffs on chips, drugs, and other goods to follow.
Key Points:
Tariffs on oil, gas, drugs, and other imports could raise prices for gas, medicine, and many goods, hurting households and small businesses.
Domestic producers in energy, steel, and chips may get a short-term boost if imports cost more.
Rate how each entity in this article affected the American people.
Central actor announcing the tariffs on oil and gas imports, chips, pharmaceuticals, steel, aluminum, and copper.
White House press secretary whose confirmation of 25% tariffs on Mexico and Canada is a key supporting action.
The story centers on U.S. tariff actions and their domestic economic effects.
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