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Trump Says 'Very High' Pharma Tariffs Coming; ASML Orders Beat | Daybreak Europe 7/16/2025

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Wednesday, Jul 16, 2025 10:38 am ETnullmin read

Aime Summary

- US President Trump announced plans for "very high" tariffs on European pharmaceuticals to address drug pricing concerns.

- ASML reported record-breaking semiconductor equipment orders, driving a 4% stock surge amid rising chip demand.

- The proposed tariffs risk escalating transatlantic trade tensions while ASML's performance underscores semiconductor sector resilience.

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