Trump backs down from 250% EU pharma tariff in deal

Trump backs down from imposing 250% tariffs on EU pharmaceuticals and semiconductors in a new trade deal. The US and EU have agreed to limit tariffs on these products to 15%, aligning with rates for most other sectors covered in the agreement. This move comes as part of a broader negotiation between the two parties, with the higher tariffs on car exports remaining until the EU removes all tariffs on US industrial goods.