Trump told CNBC he will initially impose a “small tariff” on pharmas in the next week or so, but will raise it to 150% in a year to a year-and-a-half “maximum,” before hiking the import duties to 250%. Last month, though, he had threatened 200% tariffs on pharma imports.

Tech titans breathed a sigh of relief on Thursday, after President Trump said companies who manufactured domestically would be exempt from his steep new tariff on semiconductors and chips. Hopes of a truce in Russia’s war with Ukraine are increasing, as Peter Devlin explains.

President Donald Trump's threat to impose 100% tariffs on chips imported from overseas has sent shockwaves among Asian investors, who have sold off shares of domestic semiconductor companies. However,