WASHINGTON —

President Donald Trump provided new details on Tuesday about his plan to impose steep tariffs on foreign-made pharmaceuticals, with import taxes potentially reaching 250% over time.

It's the highest tariff rate that Trump has teased to date on imported drugs. The White House still hasn't detailed an implementation timeline or possible exemptions.

Trump told CNBC in an interview on Tuesday that pharmaceutical tariffs will roll out in phases.

"We will be putting an initially small tariff on pharmaceuticals, but in one year, one and a half years maximum, it is going to go to 150% and then it is going to go to 250% because we want pharmaceuticals made in our country," Trump said.

White House Spokesman Kush Desai said in a statement following those remarks that "nothing should

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