16-07-2025
Trump Says Drug Tariffs Are Probably Coming
By and Eleanor Thornber
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Good morning. Donald Trump turns his tariff focus to drugs. Would you trust private equity with your 401(k)? And basketball is set for a growth spurt. Listen to the day's top stories.
Donald Trump said he'll probably impose tariffs on pharmaceuticals as soon as the end of the month, and has plans to place levies on semiconductors too. Both risk driving up costs for ordinary Americans. Meanwhile, mining giant Rio Tinto Group said US tariffs on its Canada-made aluminum cost more than $300 million in the first half. Canadian Prime Minister Mark Carney said trade negotiations with the US will 'intensify,' but hinted tariffs will stay.
