Israeli government says currently 'no ceasefire in place' in Gaza
Israeli officials say there is currently no formal ceasefire in Gaza, despite a temporary pause in some airstrikes, as negotiations move forward on a ...
Donald Trump told CNBC on Tuesday that the U.S. will impose new import tariffs on pharmaceuticals and chips “within the next week or so”. He said the measures were designed to reduce reliance on foreign supply chains and bring production back to the United States.
In an interview with CNBC, Trump said the initial tariff on pharmaceuticals would be relatively small but would increase significantly.
"In one year, one and a half years, maximum, it's going to go to 150 percent, and then it's going to go to 250 percent because we want pharmaceuticals made in our country," he said.
The president also signalled similar measures for semiconductor imports, though exact figures and timelines were not disclosed.
"We'll be putting an initially small tariff on pharmaceuticals," he added, "but semiconductors and chips will also be addressed very soon."
Trump stressed that his tariff agenda is far from over, indicating more protectionist measures could follow.
"We're just getting started," he said.
These comments came shortly after the administration imposed new duties on a broader list of imports from various countries. They also followed a weaker-than-expected U.S. jobs report for July. The Labour Department revealed not only a lower-than-forecast jobs gain but also downward revisions to June and May employment data, casting doubts on the strength of the U.S. economic recovery.
The pharmaceutical industry in the U.S. relies heavily on imports, with India and China among the major suppliers of generic drugs and active pharmaceutical ingredients (APIs). Similarly, the U.S. semiconductor industry is dependent on overseas manufacturing, particularly in Taiwan and South Korea.
Analysts say the proposed tariffs could disrupt supply chains, raise consumer prices, and trigger retaliatory trade measures unless carefully implemented. A White House spokesperson declined to comment further on specifics of the tariff rollout when contacted.
Video from the USGS (United States Geological Survey) showed on Friday (19 September) the Kilauea volcano in Hawaii erupting and spewing lava.
At least eight people have died and more than 90 others were injured following a catastrophic gas tanker explosion on a major highway in Mexico City’s Iztapalapa district on Wednesday, authorities confirmed.
At least 69 people have died and almost 150 injured following a powerful 6.9-magnitude earthquake off the coast of Cebu City in the central Visayas region of the Philippines, officials said, making it one of the country’s deadliest disasters this year.
A powerful 7.4-magnitude earthquake struck off Russia’s Kamchatka Peninsula on 13 September with no tsunami threat, coming just weeks after the region endured a devastating 8.8-magnitude quake — the strongest since 1952.
Authorities in California have identified the dismembered body discovered in a Tesla registered to singer D4vd as 15-year-old Celeste Rivas Hernandez, who had been missing from Lake Elsinore since April 2024.
Southwest China’s Xizang Autonomous Region is harnessing its vast wind and solar potential on the “roof of the world” to drive sustainable green development.
Ukrainian President Volodymyr Zelenskyy on Sunday (October 5) criticised the international community for its muted response to a wave of Russian missile and drone strikes that killed at least five people and targeted civilian infrastructure across multiple regions.
U.S. Secretary of State Marco Rubio said on Sunday that the conflict in Gaza “has not yet” ended, calling the release of hostages held by Hamas only the first phase of President Donald Trump’s proposed peace plan.
George Russell delivered a commanding performance from pole position to win the Singapore Grand Prix for Mercedes on Sunday, finishing comfortably ahead of Red Bull’s world champion Max Verstappen.
British singer Robbie Williams announced that his upcoming concert in Istanbul had been cancelled “in the interests of public safety,” following pressure from Turkish NGOs and social media users who had called for the event to be scrapped.
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