Katy Perry safely returns to Earth after space flight

WASHINGTON (AFP)—The United States opened the door on Monday to tariffs targeting high-end technology and pharmaceuticals, feeding the uncertainty gripping the global economy in a trade war that Chinese leader Xi Jinping warned can have "no winner."

- 

After weeks of indications such a move was coming, the US commerce secretary formally announced "national security" investigations into pharmaceutical imports, and another on semiconductors and chip-making equipment.

The specter of a broadening tariffs onslaught came as US Treasury Secretary Scott Bessent touted momentum in talks with individual countries on reaching trade deals—but with little detail offered.

On China, he said "there's a big deal to be done," but was notably vague about the timing or chances of it happening. Talks have begun with Vietnam and were to start with Japan on Wednesday, then South Korea next week, Bessent told Bloomberg TV.