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Wednesday, 6 August 2025

Trump threatens pharmaceutical tariffs

06:46

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Also: Back-to-school sales await ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌  ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ 
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The Daily Money

ALL THE MONEY NEWS YOU NEED TO KNOW

Wed Aug 6 2025

 

Daniel de Visé Personal Finance Reporter

Good morning! It's Daniel de Visé with your Daily Money.

President Donald Trump now threatens to levy tariffs of up to 250% on pharmaceuticals imported into the United States.

The president told CNBC on Tuesday that he plans to announce new import taxes "within the next week or so" on pharmaceuticals and semiconductors.

Back-to-school sales await

The kids aren't ready to hear about going back to school, but sales tax holidays in many states can help parents save on their back-to-school shopping.

That's particularly important this year, Betty Lin-Fisher reports, as shoppers say they are more stressed about tariffs and economic uncertainty.

Seventeen states have sales-tax holidays. Here are the details.

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📰 A great read 📰

Finally, here's a popular story from earlier this year you may have missed. Read it! Share it!

An inheritance often is seen as a financial windfall, but there are times when people may want to consider waving it off.

Receiving a sizable gift can have unintended consequences that may upend your financial situation or cause friction between family members. If either is the case, consider refusing it, experts said. It may not be worth your time, money, or emotions.

About The Daily Money

Each weekday, The Daily Money  delivers the best consumer and financial news from USA TODAY, breaking down complex events, providing the TLDR version, and explaining how everything from Fed rate changes to bankruptcies impacts you.

Daniel de Visé covers personal finance for USA Today.

President Donald Trump boards Air Force One at the at the Lehigh Valley International Airport on August 03, 2025 in Allentown, Pennsylvania.

President Donald Trump threatened to levy tariffs of up to 250% on pharmaceuticals imported into the United States.

School supplies are on sale at the back-to-school section at Meijer's in North Canton, Ohio store on Monday, July 22, 2024.
 

Back-to-school shopping is tax-free in these states: See when

There are 17 U.S. states that offer tax-free shopping during specific times for back-to-school shopping. See which states and when.

LONDON, ENGLAND - OCTOBER 17: Marilyn's last will and testament, from the Ted Stampfer collection, on display at "MARILYN: The Exhibition" at Arches Beneath London Bridge on October 17, 2024 in London, England. (Photo by Lia Toby/Getty Images)
 

The great wealth transfer's begun. Why you may want to pass.

The largest wealth transfer in history has begun. It doesn't mean you have to accept everything bequeathed to you. Here's when you may want to say no.

FILE PHOTO: The BlackRock logo is pictured outside their headquarters in the Manhattan borough of New York City, New York, U.S., May 25, 2021.
 

Private equity is coming to your 401(k). Here's how much to invest.

In the past, the private equity world has been largely populated by ultra-rich investors, endowments and pension funds. That may be about to change.

T.J. Maxx, at the Route 6 Mall near Honesdale, PA, is pictured on their opening day, August 20, 2023.
 

TJ Maxx opening 6 new stores this August. Here's where.

According to the company's website, TJ Maxx is opening six new stores in August. Here's where and when they're scheduled to open.

A passenger holding a baby evacuates an American Airlines plane by an emergency slide, at the Denver International Airport, Denver, Colorado, U.S. July 26, 2025, in this screengrab obtained from a social media video. @highlymigratoryfishing via Instagram/via REUTERS
 

Should you leave everything behind if you have to evacuate a flight?

After an American Airlines jet was evacuated in Denver in July, there are renewed calls for the FAA to re-study aircraft safety.

Worried about how AI will impact your team? Here are five common mistakes managers make and how to address employee fears without creating panic.
 

5 mistakes to avoid when talking to your team about AI

Worried about how AI will impact your team? Here are five common mistakes managers make and how to address employee fears without creating panic.

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Is maxing out your 401(k) actually holding you back?

If you're contributing enough to max out your 401(k), it could potentially put you at a disadvantage in some ways. Here's how.

A help wanted sign is posted at a taco stand in Solana Beach, California, July 17, 2017.
 

Rise in Black unemployment sends ominous economic signals

Economists say the rise in unemployment among Black Americans could be a troubling sign for the economy at large.

USA TODAY
 

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