Trump signs 100% tariff on brand-name pharmaceuticals
ET President Donald Trump ordered a 100% tariff on brand-name pharmaceuticals produced overseas as his administration escalates efforts to push drug companies to manufacture in the United States. Trump threatened to impose the tariff last year but has since worked to negotiate deals with drug companies to lower their prices and bring drug production to the U.S. The 100% tariff applies to brand-name drugs that still have a patent, not generics.
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