In a recent interview with CNBC, President Donald Trump threatened to place a 250 percent tariff on all pharmaceutical imports.

The European Union will likely have to wait a few more days for an executive order by U.S. President Donald Trump lowering tariffs on imports of European cars and car parts, a source familiar with the EU-U.

President Donald Trump began imposing new import taxes on goods from several countries Thursday as part of his strategy to reduce the trade deficit and encourage foreign investment. Products from more than 60 countries and the European Union are now subject to tariffs ranging from 10% to 50%.

By Marie Mannes and Alessandro Parodi STOCKHOLM (Reuters) -Silicon Valley startup Lyten said on Thursday it had agreed to buy bankrupt Northvolt's remaining assets in Sweden and Germany, potentially reviving Europe's hopes of building a domestic electric vehicle battery industry to reduce reliance on China.

Lyten, a Silicon Valley company, said Thursday that it would acquire all of the remaining Swedish and German assets of Northvolt, which filed for bankruptcy in March after spending billions of euros in an attempt to establish a European player in electric vehicle batteries.