US President Trump reportedly plans to impose 100% tariff on imports of patented pharmaceuticals, CNBC reports citing a source
- 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.
Context
The proposed tariffs on patented pharmaceuticals suggest a significant escalation in trade tensions, particularly impacting the healthcare and pharmaceutical sectors. 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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