Stock Market Live August 5: S&P 500 (VOO) Rises Even As More Tariffs Trouble Looms
Briefly

President Trump is proposing tariffs on pharmaceutical imports to the United States, starting at a low rate and potentially escalating to 250% within 18 months. New tariffs on semiconductor imports may be announced soon, aimed at promoting the manufacturing of high-tech products in the U.S. Investors currently appear to be unfazed, as seen by the slight increase in the Vanguard S&P 500 ETF. Financial results from major companies like Pfizer reveal strong earnings, indicating a juxtaposition with the impending tariff measures.
President Trump is set to propose tariffs on pharmaceutical imports, beginning at a low rate that could escalate to as much as 250% within 18 months.
New tariffs targeting semiconductor imports are anticipated to be announced soon, aligning with the administration's push to bolster U.S. manufacturing.
Read at 24/7 Wall St.
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