Former President Donald Trump announced new tariff measures targeting India, the EU, pharmaceuticals, and semiconductors. Tariffs on India to rise due to resale of Russian oil. Pharmaceutical imports to face initial tariff, potentially increasing to 150-250% within a year. New semiconductor tariffs to be announced soon. EU faces 35% tariff if obligations not met. Trump says close to a trade deal with China, possible meeting with President Xi Jinping by year-end. Companies like TEVA, TSM, and SNY may be impacted by these tariffs. Story is developing and will be updated with more details.

Read more at Quiver Quantitative: Trump Outlines Tariff Plans, China Trade Progress in CNBC Squawk Box Interview