US EditionDrugmakers to face 100% tariff unless they cut prices or produce drugs in US, Trump administration says
The order gives companies 120 days to negotiate lower rates through U.S. investment or pricing deals, while exempting several trade partners.
- On Thursday, one year after 'Liberation Day,' President Donald Trump imposed 100 percent tariffs on imported branded pharmaceuticals, targeting companies that have not agreed to lower prices and move production to the United States.
- Trump's administration aims to pressure manufacturers to 'communicate most-favored-nation price targets' and build domestic plants, with large companies facing a 120-day compliance deadline and smaller producers having 180 days before duties apply.
- Separately, Trump revised metals duties, halving tariffs on many steel, aluminum, and copper derivatives to 25 percent while cutting duties on specific industrial equipment to 15 percent to support domestic infrastructure.
- The United States finalized a zero-tariff deal for British-made pharmaceuticals, yet the Chamber's policy chief Neil Bradley warned the scheme will 'raise healthcare costs for American families.'
- U.S. Trade Representative Jamieson Greer defended the tariffs as a 'reset button' for a broken global trading system, following last month's Supreme Court ruling that previous tariffs were unlawful.
162 Articles
162 Articles
On the 2nd (local time), U.S. President Donald Trump announced a proclamation imposing tariffs of up to 100% on imported patented drugs and active pharmaceutical ingredients (APIs) under Section 232 of the Trade Expansion Act. The tariffs will be applied within 120 days for some large corporations and within 180 days for small businesses. Under this measure, a new 15% tariff will be imposed on South Korean patented drugs, which were previously t…
US President Donald Trump has signed executive orders by which it imposes, on the one hand, new customs duties on a number of imported medicinal products and changes them to existing metals in exactly one year from the announcement of its global customs duties.
The US imposes duties up to 100 per cent on imported drugs.
Trump Issued an Ultimatum to Pharmaceutical Companies: What Tariffs Will He Impose on Foreign Drugs?
The Donald Trump administration has imposed sweeping tariffs on imported medications. Donald Trump has declared "war" on foreign drug manufacturers. The US presidential administration is imposing higher duties on imported drugs to force companies to relocate their production to America, according to RBC-Ukraine, citing Bloomberg. Read also: Trump Left "Without a Map": Why the Pentagon Has No Business Bombing Iran, Politico The Trump administrat…
Donald Trump unveils 100% tariff on some patented drugs on ’Liberation Day’ anniversary
Companies that have signed a “most favoured nation” pricing deal and are actively building facilities in the U.S. to onshore production of patented pharmaceuticals and their ingredients will have a 0% tariff
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