Trump plans tariffs up to 250% on imported drugs, affecting trade talks and markets.

US President Donald Trump plans to announce tariffs on imported pharmaceuticals and semiconductors within the coming week, potentially reaching 250% on drugs. This move follows a disappointing services-sector report and comes amid ongoing trade negotiations. European stock futures rose as the EU seeks to exempt its wine and spirits from US tariffs. US stock indexes closed lower, and 10-year yields hit their lowest since April as investors buy long-term US debt.