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Trump says ‘major’ pharmaceutical tariffs on way

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The tariffs now roiling the global economy make it even more likely that deficit reduction moves to the back burner.
From Barron's
Trump's "reciprocal" tariffs on dozens of countries were set to take effect on Wednesday, including massive 104% duties on Chinese goods, deepening his global trade war even as he prepared for negoti...
From U.S. News & World Report
Donald Trump is pushing ahead with another 50 per cent tariff on Chinese goods, and there are questions about what will happen to nearly $2tn worth of pledges to invest in the US because of the levies...
From The Financial Times

Read more on News Digest

Trump's Tariffs Take Effect Today; Pharmaceutical Levies Announced 'Very Shortly'
President Donald Trump's reciprocal tariffs on more than one hundred countries go live. Follow the latest news and analysis here.
Trump's reciprocal tariffs announcement shakes up global trade
Follow live updates and the latest news on Trump’s tariffs, including market reactions to his administration's new trade policy as it rolls out.
Trump says ‘major’ pharmaceutical tariffs on the way
President Donald Trump said Tuesday that pharmaceutical imports will soon be hit with “major” tariffs as part of his efforts to drive manufacturing back to the U.S. Drug imports evaded the first round of tariffs that Trump imposed on countries around the world,
Trump's Latest Tariffs Loom, Set to Deepen Global Trade War
Trump's punishing tariffs have shaken a global trading order that has persisted for decades, raised fears of recession and driven worldwide stocks sharply downward. The S&P closed below 5,000 for the first time in nearly a year on Tuesday and is nearing a bear market,
Trump's top tariffs for 'worst offenders' take effect
US President Donald Trump's latest wave of tariffs has come into force, with imports from China hit by a 104% rate amid an escalating standoff between the world's two biggest economies. Tariffs ranging from 11% to 50% now apply to imports from around 60 US trade partners,
Trump says US will soon announce tariffs on pharmaceutical imports
President Donald Trump on Tuesday said the U.S. will soon announce a "major" tariff on pharmaceutical imports.
Markets might not have hit the bottom yet
President Donald Trump says the US will proceed with an additional 50% tariff on China
The Math Behind Trump’s 104% Tariffs on China
President Trump is planning to increase tariffs on China by an additional 84% at midnight, bringing the total of the tariffs imposed in his second term on the world’s second-largest economy to 104%. H
Congress gave presidents power over tariffs. They could aways take it back
President Donald Trump is imposing tariffs on the world at will, spooking markets and straining alliances. When China announced retaliatory tariffs on US products, Trump made the unilateral decision to double down.
What Could Progressive Tariffs Actually Look Like?
The U.S. moved toward tariffs that protected U.S. workers, industry, and the environment, says one expert. Trump is undoing it all.
How Tariffs Are Helping Retailers Clear Out Old Inventory
Tariffs are causing paralysis in retail supply chains. But old inventory that was relatively worthless has become a big opportunity.
Why Trump’s tariffs may do little to pay for tax cuts
The White House is arguing that revenue from President Trump’s tariffs on U.S. importers is going to help pay for domestic tax cuts. “This time around, tariffs will help pay for both tax
A day after raising tariffs on China to 54%, Trump says the US now has 'great power to negotiate' with China to force a TikTok sale
Trump said he would be willing to lower tariffs if countries offer him something "phenomenal," like China with a TikTok deal.
Indonesia's palm oil groups urge levy cuts to offset US tariff impact
Indonesia's palm oil industry and farmer groups on Wednesday urged the government to reduce export costs, to offset the impact of market distortion caused by 32% U.S. reciprocal tariffs on Indonesia's exports.
The Texas Tribune on MSN5d
Tariffs creating uncertainty in Texas as report shows slower revenue growth since late 2024
Respondents to a Federal Reserve Bank of Dallas survey expressed concern about a reduction in consumer demand and a potential recession.
Republicans Like to Cut Taxes. With Tariffs, Trump Is Raising Them.
President Trump’s tariffs are scrambling the Republican plan for the economy, long centered on tax cuts and growth.
Stock market meltdown driven by tariff chaos hits 401(k) investors hard for 3rd day
When will the stock market stabilize as Trump's tariff turmoil continues? Wall Street investors see big gains being wiped out.
Trump teases reduction in Chinese tariffs as part of TikTok deal
China filed a lawsuit against the U.S. with the World Trade Organization over recently imposed tariffs and issued its own 10% tariff on U.S. goods.
European, Indian pharma stocks decline after Trump again threatens tariffs
Drugmakers' stocks in Europe and India slipped on Wednesday after U.S. President Donald Trump reiterated plans for a "major" tariff on all pharmaceutical imports and as "reciprocal" tariffs kicking in led to a further carnage in global markets.
Trump dangles China tariffs reduction to close TikTok deal
President Trump said he would consider lowering tariff rates on China to close a deal with Beijing and ByteDance and avert a TikTok ban.
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