Trump Vows Tariffs to Hit Saturday With More in Coming Months

By Jennifer A. Dlouhy (Bloomberg) —

President Donald Trump said he would impose tariffs on a wide range of imports, including oil and metals, in the coming months, expanding his plans to enact sweeping trade levies well beyond those set to hit China, Canada and Mexico on Saturday.

“We’ll be doing pharmaceuticals and drugs, medicines, etc, all forms of medicine and pharmaceuticals. And we’ll be doing very importantly steel and we’ll also be doing chips and things associated with chips,” Trump said Friday from the Oval Office where he was signing an executive order on deregulation.

“We’re going to put tariffs on chips. We’re going to put tariffs on oil and gas. That will happen very soon, I think about the 18th of February. And we’re going to put a lot of tariffs on steel,” he added.

Trump said there was nothing Canada, Mexico or China could do to forestall the more immediate levies, a response to what he says is a failure by those nations to prevent the flow of undocumented migrants and illegal drugs, like fentanyl, across US borders. And Trump told reporters that the US would “be doing something very substantial” with tariffs tar…