Donald Trump announces 100% tariff on branded pharmaceutical products

Donald Trump has announced a 100% tariff on all branded and patented pharmaceutical goods imported into the US, effective October 1. Exemptions are available for companies actively building new manufacturing sites in the US. This move, part of a broader trade war escalation, also includes tariffs on heavy trucks, kitchen cabinets, bathroom vanities, and furniture. The tariffs aim to protect American manufacturing and are framed by Trump as a national security measure, impacting the global pharmaceutical and automotive sectors.

Reviewed by JQJO team

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