Trump Set to Impose New Tariffs on Some Drugs

CNN: “President Donald Trump plans to impose new tariffs on pharmaceutical companies that have not struck deals to sell their drugs directly to consumers as part of his ‘Most Favored Nation’ pricing initiative.”

“Those medications would be hit with a 100% tariff, according to the draft order, while providing some pathways for drugmakers to reduce or avoid those levies if they negotiate a deal with the administration or move their production to the US.”