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April 2, 2026

Trump Administration Implements 100% Tariffs on Certain Imported Pharmaceuticals

  • President Donald Trump has announced up to 100% tariffs on certain imported patented pharmaceuticals, citing national security concerns and aiming to boost U.S. manufacturing.
  • Companies can avoid tariffs by entering 'Most-Favored-Nation' pricing agreements or committing to U.S. production, with tariffs potentially dropping to 20% or zero.
  • Lower tariffs will apply to imports from allied countries, with specific rates set for Japan, the EU, South Korea, Switzerland, and the UK.