US President Trump reportedly plans to impose 100% tariff on imports of patented pharmaceuticals, CNBC reports citing a source
The proposed tariffs on patented pharmaceuticals suggest a significant escalation in trade tensions, particularly impacting the healthcare and pharmaceutical sectors.
Oracle (ORCL) lays off 475 in Seattle, Washington
IRGC say they started attack on Amazon (AMZN) Cloud computing center in Bahrain
US President Trump reportedly plans to impose 100% tariff on imports of patented pharmaceuticals, CNBC reports citing a source
Iran says it to set tolls for ships passing via Hormuz strait
Bahrain's Foreign Minister hopes for a vote on draft UN resolution on the Strait of Hormuz on Friday
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- Plans to impose 20% tariff on pharma Cos. with plans to onshore.
- Plans to impose 15% tariffs on drugs from Japan, EU, Korea, and Switzerland.
- Plans zero new tariffs on generic drugs and Cos. negotiating deals with WH and HHS.
This move could lead to increased costs for consumers and manufacturers, potentially influencing broader market sentiment across equities and currencies, notably affecting the USD against majors like the EUR and JPY.
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