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U.S. to impose 100% tariff on branded, patented drugs unless firms build plants locally, Trump says
CNBC· 2025-09-26 07:39
President Donald Trump announced Thursday that the U.S. will impose a 100% tariff on "any branded or patented Pharmaceutical Product" entering the country from Oct. 1.The measure will not apply to companies building drug manufacturing plants in the U.S., Trump added.He said that the exemption covers projects where construction has started, including sites that have broken ground or are under construction."There will, therefore, be no Tariff on these Pharmaceutical Products if construction has started," Trum ...