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,

Details are still scarce on the agreement, which the president said will partly walk back some of the steep tariffs he threatened on the country last week.

US President Donald Trump said he has settled on another tariff deal - this time with Indonesia. Trump said he had agreed to lower tariffs he had threatened on goods entering the US from Indonesia to 19%, in exchange for what he called "full access" for American firms.