Trump Unveils Up to 100% Tariff on Some Pharmaceuticals, Adjusts Metals
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U.S. President Donald Trump announced 100% tariffs on certain branded pharmaceutical imports, with exemptions reducing rates to 0% for many companies. Tariffs on branded drugs will be capped at 15% under trade agreements with the EU, Japan, South Korea, and Switzerland. A separate deal with Britain guarantees zero tariffs on British-made pharmaceuticals for three years. Additionally, Trump halved the duty rate to 25% on many derivative metal products and maintained a 50% duty on commodity imports of steel, aluminum, and copper.
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