In July, Trump had threatened to lift pharmaecutical tariffs to 200%, but speaking on CNBC on 5 August, Trump said they could eventually go as high as 250%. EU member state Ireland is a major pharmaceutical exporter to the US, as are other European nations: Ozempic manufacturer Novo Nordisk is also Europe-based, headquartered in Denmark.

Concessions have been made between the United States and the European Union on a trade deal focusing on pharmaceuticals, lumber and semiconductors.

A senior administration official, speaking on condition of anonymity because they were not authorized to speak publicly, said European carmakers could see relief from the current U.S. tariffs within ...

President Donald Trump said on Friday his administration will conduct a "major" tariff investigation on furniture entering the United States, a step toward imposing higher duties on a sector already ...