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US trade gap shrinks on imports retreat as tariffs fuel worries
US trade gap shrinks on imports retreat as tariffs fuel worries
by  AFP

The US trade gap narrowed in June, government data showed Tuesday, as imports pulled back more than exports while businesses grappled with President Donald Trump's tariffs on allies and competitors alike. The June deficit narrowed on the back of a fall in imports, by 3.7 percent to $337.5 billion, while exports also dropped by 0.5 percent to $277.3 billion.

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".

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