Trump's New Tariffs: Pharma, Metals, and Trade
Business & Finance News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
President Trumps new tariffs target branded pharmaceutical imports, with up to 100% tariffs, and overhaul duties on steel, aluminum, and copper products. Foreign drug makers must choose between cutting U.S. prescription prices or shifting production to avoid tariffs. Metals tariffs are simplified, with many derivative products halved to 25% and raw commodities based on U.S. sales prices. These changes aim to boost American industry without broader economic impact.
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