US EditionPublished • loading... • Updated
Britain would face 100% tariff on pharmaceuticals under latest Trump plan: Reuters
The tariffs aim to boost US drug manufacturing by exempting companies building US plants; generics remain mostly unaffected, while Indian firms face uncertainty, experts say.
- President Donald Trump says a 100% tariff on some foreign-made pharmaceuticals will take effect on Oct. 1, but the tariff will not apply to generic drugs.
- Many of the brand-name medications used by Americans are made in European countries, and those products will be subject to a lower, 15% tariff rate per the recent trade deal with the EU.
- On social media, Trump said the new 100% tariff will apply to "any branded or patented Pharmaceutical Product, unless a Company IS BUILDING their Pharmaceutical Manufacturing Plant in America.
Insights by Ground AI
67 Articles
67 Articles
NBC Bay Area+5 Reposted by 5 other sources
Five questions experts have about Trump's pharma tariffs
For people who rely on certain prescription drugs, including weight loss, asthma and cancer medications, President Donald Trump’s post announcing 100% tariffs...
·San Francisco, United States
Read Full Article
Coverage Details
Total News Sources67
Leaning Left9Leaning Right8Center15Last UpdatedBias Distribution47% Center
Bias Distribution
- 47% of the sources are Center
47% Center
L 28%
C 47%
R 25%
Factuality
To view factuality data please Upgrade to Premium
