President Trump has flagged that US tariffs on pharmaceutical imports are likely to kick in on Aug. 1, with duties on semiconductors also in line for implementation then too. “Probably at the end of the month,

President Donald Trump said that he was likely to impose tariffs on pharmaceuticals as soon as the end of the month and that levies on semiconductors could come soon as well, suggesting that those import taxes could hit alongside broad “reciprocal” rates set for implementation on Aug.

Donald Trump's threats of severe tariffs on Russia is leading the front pages of Tuesday's papers, with the US president pushing for Moscow to accept a deal to end the war within 50 days. The Financial Times says Trump has told Russia to expect 100% "secondary" tariffs if the Ukraine war does not end within the timeframe,