President Donald Trump said on Tuesday that the United States would initially place a "small tariff" on pharmaceutical imports before hiking it to 150% within 18 months and eventually to 250% in an effort to boost domestic production.

Trump told CNBC's "Squawk Box" that planned tariffs on pharmaceuticals imported into the U.S. could eventually reach up to 250%.

Caterpillar shares seesawed back into the red in early trading Tuesday, after the maker of construction and mining equipment missed second-quarter profit expectations but beat on sales and raised its full-year growth outlook.

As dozens of countries race to reach trade deals with the U.S. ahead of a Thursday deadline, President Trump has embraced a strategy that goes beyond the usual focus on markets and deficits: He’s demanding multibillion-dollar investments in the U.S.

There’s a new battle emerging over President Donald Trump’s sweeping tariffs, many of which could finally take effect this week: How to spend the billions the new duties are pouring into federal coffers.

Pro-trade groups won’t take President Donald Trump's love for tariffs at face value, as they gear up for another round of outreach aimed at securing relief.

Containers are stacked, after U.S. President Donald Trump threatened on Saturday to impose a 30% tariff on imports from Mexico and the European Union starting on August 1, in the harbour of Duisburg,

The European Union is expecting US President Donald Trump to announce executive actions this week to formalize the bloc’s lower tariffs for cars and grant exemptions from levies for some industrial goods such as aviation parts,

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 as he gave several trade updates early Tuesday.