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Trump signals tariffs on pharma, chips as trade war widens
Trump signals tariffs on pharma, chips as trade war widens
by  AFP

US President Donald Trump signaled Tuesday that fresh tariffs on imported pharmaceuticals and semiconductors could be unveiled as soon as the coming week, as he presses on in efforts to reshape global trade. The US president told CNBC that upcoming tariffs on imported pharmaceuticals could reach 250 percent, while adding that he plans for new duties on foreign semiconductors soon.

Swiss president rushes to US to avert steep tariffs
Swiss president rushes to US to avert steep tariffs
by  AFP

Switzerland's president and economy minister were due to fly to Washington on Tuesday in a last-minute push to stop steep new tariffs that have blindsided the Alpine country. "For this reason," the president and the economy minister "are to travel to Washington on Tuesday".

German car sales jump in July but market still weak
German car sales jump in July but market still weak
by  AFP

New car sales in Germany posted a big rise in July, official data showed Tuesday, but analysts warned against sounding the all-clear for Europe's top auto market. BYD sold 1,126 cars in Germany in July 2025, the KBA figures showed, a rise of almost 400 percent year-on-year and more than the 1,110 that Elon Musk's Tesla managed.

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