Trade Talks Key Takeaways Prior to these trade talks, the US charged no import tariff on formulations and a weighted average of 1.7% on active pharmaceutical ingredients (note): A 10% incremental tariff was imposed in February as part of fentanyl talks, and another 10% was imposed in March targeting pharmaceuticals (note). This 20% is much lower than the reciprocal rate of 145% on the rest of the Chinese import base, which was later lowered to 55% (reference). The imminent pharma-specific package that Presi ...