MANILA: World shares are mixed on Friday, tumbling in Asia and rising in European trading after President Donald Trump announced plans for new tariffs including 100 per cent import taxes on pharmaceutical drugs, starting October 1.

Trump said Thursday on his social media site that foreign makers of furniture and cabinetry were flooding the United States with their products and that tariffs must be applied “for National Security and other reasons.”

He said foreign-made heavy trucks and parts are hurting domestic producers. However, most such trucks are either made in America or are US brands made in Canada or Mexico.

The future for the S&P 500 rose 0.2 per cent while that for the Dow Jones Industrial Average was up nearly 0.3 per cent.

In European trading, Germany's DAX added 0.4 per c

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