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Tariffs 'hard to come back from', says US pharma boss
Eli Lilly's boss tells the BBC he is doubtful tariffs will bring jobs to the US or raise billions in taxes.BBC News - 1d -
Don't overlook the impact of pharma tariffs, says an analyst. Where we stand on Bristol Myers
The drug stock is higher over the past month while the S&P 500 has pulled back sharply.CNBC - 3d -
Europe's pharma industry braces for tariffs as carve-out hopes fade
Europe's pharmaceutical sector is bracing for the potential impact of U.S. tariffs as hopes of an industry-wide exemption by President Donald Trump fade.CNBC - 2d -
Pharma tariff relief likely short-lived with sector-specific duties on the horizon
Pharmaceutical companies breathed a sigh of relief on Wednesday, but the tariff reprieve could prove fleeting.CNBC - 1d -
Why Norway is edging towards a fresh EU membership bid
Also in this newsletter: Ireland’s pharma industry braces itself for Donald Trump’s tariffsFinancial Times - 4d -
Here's what economists are saying about Trump's tariffs
Economists say that President Trump's wide-ranging new tariffs raise the risk of a recession or stagflation.CBS News - 7h -
UK has best chance of deal to overturn Trump tariffs, says minister
Tne trade secretary says the UK will be hit by tariffs on Wednesday but can negotiate an exemption.BBC News - 3d -
UK expects to be hit by Trump tariffs, No 10 says
Downing Street does not rule out retaliating if new tariffs are imposed on Wednesday.BBC News - 4d -
Fed chair says Trump tariffs will likely raise inflation, slow economy
U.S. Fed Chair Jerome Powell says the Trump administration's expansive new tariffs will likely lead to higher inflation and slower growth.CBS News - 5h -
Purdue Pharma submits opioid lawsuit settlement plan, including up to $7 billion cash from Sacklers
Members of the Sackler family who own the OxyContin maker Purdue Pharma would hand over the company and up to $7 billion in cash in the latest plan to settle thousands of lawsuits over the toll of ...ABC News - Mar. 19 -
GOP rep says 'tariff is a tax': 'No question'
Rep. Pete Sessions (R-Texas) on Monday said a “tariff is a tax,” a day before the Trump administration’s imposition of “Liberation Day” reciprocal tariffs. In Sessions’s appearance on “CNN News ...The Hill - 3d -
Trump's upcoming tariffs 'will be effective immediately,' White House says
Trump's reciprocal tariffs follow other import duties he has already announced, including tariffs on goods from Canada and Mexico and industry-specific tariffs.CNBC - 3d -
Trump Says His Tariffs Will Take Effect Wednesday
The president did not reveal the details of his plan to impose reciprocal tariffs the same day, but suggested he would move ahead with import taxes on trading partners.The New York Times - 3d -
What Trump says he's trying to accomplish with tariffs
President Donald Trump contends tariffs will pay for tax cuts, lower foreign trade barriers, revive U.S. factories, curb fentanyl and reduce the national debt.CNBC - 1d -
Trump's highest tariff will kill tiny African kingdom of Lesotho, economist says
A 50% reciprocal trade tariff on Lesotho, the highest levy on U.S.NBC News - 1d -
Trump says his tariffs could bring in trillions. Economists disagree.
Experts estimate far lower figures in tariffs revenue, warning that President Trump's tariffs could drive up prices for American consumers.CBS News - 2d -
Trump says China 'panicked' with tariff response
President Trump on Friday chastised China after Beijing responded to major U.S. tariffs with equal duties of its own on U.S. goods. "China played it wrong, they panicked - the one thing they cannot ...The Hill - 10h -
EU has a ‘strong plan’ to retaliate on Trump tariffs, says von der Leyen
Head of European Commission says bloc would prefer to negotiate but all countermeasures are on the table. Trump’s ‘liberation day’ tariffs: what to expect and will the UK be spared? The ...The Guardian - 3d -
Tariffs will likely raise much less money than White House projects, economists say
White House trade adviser Peter Navarro said tariffs would raise about $600 billion to $700 billion a year. Economists say that's nearly impossible.CNBC - 2d -
Trump tariffs: Mark Cuban says to stock up at Walmart and big box stores—but experts warn not to panic shop
The president announced a minimum 10% tariff on imports from a lengthy list of countries. Here's how financial pros say you should respond.CNBC - 1d -
Trump tariffs: American businesses are 'angry,' worried about survival, and say keeping prices low will be 'really hard'
U.S. business owners say the Trump administration's newly announced tariffs would increase their costs, potentially forcing them to raise prices for customers.CNBC - 3h -
Downing Street says Trump’s tariffs signal ‘new era’ in global economics
Experts say UK may have to raise taxes in autumn as senior MPs caution against too many concessions in US trade talks. . Donald Trump’s tariffs signal a new global economic era, Downing Street has ...The Guardian - 8h -
Trump says Great Depression would never have started if tariffs continued
President Trump on Wednesday said that the 1930s Great Depression wouldn’t have happened if tariffs had continued, while announcing his massive tariff plan to hit trading partners. The president ...The Hill - 2d -
Trump’s tariffs are ‘taxes’ and are ‘hurting the American people,’ says Democratic lawmaker
Rep. Steven Horsford (D-Nev.) joins Meet the Press NOW to discuss the fallout from President Trump’s sweeping tariffs. He calls the tariffs a “tax” that will cause Americans to pay more.NBC News - 1d -
Auto Tariffs Take Effect, Putting Pressure on New Car Prices
President Trump says the tariffs will encourage investment in U.S. factories, but analysts say car buyers will have to pay thousands more.The New York Times - 1d -
Israel Says It Will Cancel Tariffs on U.S. Imports Ahead of Trump Announcement
The move was an apparent bid to ensure that Israel is exempt from new tariffs that President Trump plans to announce on Wednesday.The New York Times - 2d -
Trump tariff formula misrepresents global trade economics, experts say
The Trump administration's tariff calculations appear on paper to be a simplified math of America's trade relationships.ABC News - 3h -
Democratic Sen. Bennet says he supports Trump’s threat to impose secondary tariffs on Russia
Sen. Michael Bennet (D-Colo.) says President Trump’s back and forth relationship with Russia is “crazy” but would support his call for secondary tariffs should peace talks with Ukraine fall through.NBC News - 5d -
Canada to counter ‘unjustified’ US tariffs with 25% taxes on US cars, says Carney
Canadian prime minister says country will impose taxes on US vehicles not compliant with continental free trade deal. Canada will retaliate against “unjustified, unwarranted” tariffs imposed by the ...The Guardian - 1d -
EU prepared to retaliate against Trump tariffs, von der Leyen says
The European Union (EU) is prepared to retaliate against President Trump’s existing and upcoming tariffs, although the trade bloc is open to negotiations with Washington, according to European ...The Hill - 3d -
Jim Cramer says a 20% tariff on most imports would be 'horrendous' for the economy
CNBC's Jim Cramer sees five issues with President Donald Trump's potential 20% blanket tariffs, including their effect on inflation and domestic manufacturing.CNBC - 3d -
Jim Cramer says Trump tariffs are more punitive than reciprocal
As President Donald Trump announced 'reciprocal tariffs' on Wednesday, CNBC's Jim Cramer said the president is focused on punishing U.S. trading partners.CNBC - 1d -
Trump says other countries are trying to 'make a deal' after tariffs announced
Trump reacted for the first time on Thursday to the fallout from his tariff announcement, which included markets nosediving and foreign leaders threatening retaliation.ABC News - 21h -
Former Microsoft CEO Steve Ballmer says, as shareholder, tariffs are 'not good'
Despite tariff impact, Microsoft's top shareholder said he's a long-term believer in the company, given its opportunity in compute and intelligence.CNBC - 3h -
Tequila maker says tariffs won't affect his prices. Here's why he plans to absorb costs
Colorado-based Suerte Tequila said it will absorb all tariff costs.CNBC - 2d -
Trump’s claim that low tariffs caused the Great Depression is false, economist says: Here's what really happened
When announcing the blanket tariffs he's imposing on countries around the world, President Trump made a claim about the role of tariffs in the Great Depression.CNBC - 5h -
Trump Says His Tariffs Will Address Unfair Global Trade. Is He Right?
President Trump says that countries have been ripping off the United States for decades. There is some truth to that argument — but also a lot of hypocrisy.The New York Times - 2d