Finwealth Global
  • Login
  • Home
  • Business
  • Crypto
  • Market
  • India
  • Stock
  • World
No Result
View All Result
  • Home
  • Business
  • Crypto
  • Market
  • India
  • Stock
  • World
No Result
View All Result
Finwealth Global
No Result
View All Result
  • Home
  • Stock
  • World
  • India
  • Market
  • Crypto
  • Business
  • Contact Us
Home Markets

Trump to impose 100% tariffs on pharma imports very soon

2 days ago
in Markets
0
Trump Launches Operation Hawkeye on Syria
152
SHARES
1.9k
VIEWS
Share on Whatsapp

Trump government is getting ready to put very high tariffs of 100% on some imported medicines. The idea is to push drug companies to make more medicines inside the United States. The new rules may be announced as early as Thursday, say people close to the matter.

These heavy duties will apply to companies that have not signed deals with the White House. Big firms like Pfizer, AstraZeneca, and Novo Nordisk have already agreed to invest more in US factories and reduce prices, so they will escape the toughest tariffs.

Countries that have trade agreements with the US will face lower tariffs. For example, the US–EU deal signed last year in Turnberry limits drug tariffs to 15%. The UK also made a deal to cut tariffs for three years, in return for higher NHS spending on medicines.

The new tariffs come from a national security investigation under Section 232 of the Trade Expansion Act of 1962. This is different from Trump’s earlier emergency tariffs, which the Supreme Court cancelled in February. By using this legal route, the White House is trying to rebuild its tariff wall and bring medicine production back home.

Global drugmakers now face a clear choice: set up plants in America or pay double duties on their products.

Tags: pharmatrump tariffs

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Finwealth is a pioneering financial powerhouse that empowers individuals to achieve success through expert guidance and tailored solutions. 

  • Business
  • Crypto
  • Markets
  • India
  • World
  • Stocks

Subscribe to Updates

Get the latest creative news from footbar about art, design and business

© 2024 Unicorn Finwealth Global Private Limited

  • Privacy Policy
  • GDPR
  • Contact Us

Welcome Back!

Sign In with Facebook
Sign In with Google
OR

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Stock
  • World
  • India
  • Market
  • Crypto
  • Business
  • Contact Us

© 2024 Unicorn Finwealth Global Private Limited

Go to mobile version