Citing a national security statute, the administration has begun a process to investigate the impact of imported semiconductors and pharmaceuticals.

President Donald Trump’s administration pressed forward with plans to impose tariffs on semiconductor and pharmaceutical imports by initiating probes led by the Commerce Department.

President Trump said Sunday he'll announce tariffs on semiconductor chips "over the next week." What he's saying: Trump told reporters aboard Air Force One as he traveled back to D.C. from Mar-a-Lago administration officials would discuss tariffs on products like iPhones and other tablets with companies "because you have to show a certain flexibility,