President Trump plans to levy a stepwise series of pharmaceutical tariffs that could reach 150% within a year and a half, then rise to 250%, he said in a wide-ranging interview on CNBC Tuesday. Why it matters: It's the highest tariff rate the president has threatened the industry with to date while he also presses major manufacturers to commit to a "most-favored nation" pricing policy.

As the United States ramps up tariffs on major trading partners globally, President Donald Trump is also disrupting strategies that could be used -- by Chinese companies or others --

President Donald Trump said the U.S. was “getting very close” to a deal with China, while also threatening to impose higher tariffs on the European Union.