Trump announces tariffs on pharmaceuticals and autos made outside of the U.S.
U.S. President Donald Trump has announced tariffs on pharmaceuticals and all cars made outside of the U.S. The tariffs on pharmaceuticals aim to reduce debt, while the tariffs on autos have the potential to upend the auto industry and impact profits. The announcement has caused uncertainty in the market and raised concerns among industry stakeholders. The event has a negative sentiment due to the potential negative impact on the auto industry and the uncertainty it brings.