Trump said he will initially impose a "small tariff" on pharmaceuticals, but then in a year to a year and a half, he will raise that rate to 150% and then 250%.

President Donald Trump said on Tuesday that the United States would initially place a "small tariff" on pharmaceutical imports before hiking it to 150% within 18 months and eventually to 250% in an effort to boost domestic production.

President Donald Trump provided new details about his plan to impose tariffs on foreign-made pharmaceuticals, but the White House says nothing is final.

An ETF that tracks stocks in India is struggling to rebound from its recent losing streak, after President Trump imposed 25% tariffs on the country — and then threatened even steeper levies.

Donald Trump has said he plans to “substantially” raise tariffs on imports from India because of its purchases of Russian oil, in a new escalation of tensions between Washington and New Delhi. The US president’s warning comes after India failed to reach an agreement with the White House to secure lower levies on its exports to America last week,