The Trump administration is expected to apply the new 100% tariffs on patented drugs and their active ingredients, CNN reports citing a draft

The announcement of 100% tariffs on patented drugs and their active ingredients by the Trump administration signals a significant escalation in trade tensions. This move could have far-reaching implications for both U.S. and global pharmaceutical markets, impacting equities and potentially leading to volatility in the FX space, particularly for currencies sensitive to U.S. trade policies like the EUR and JPY.