Trump's New Drug, Metal Tariffs: Costs, Deals, and Trade Deficit
Irvine News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Trumps Executive Order: Tariffs on Drugs and Metals
President Trumps executive order imposes tariffs on certain patented drugs from companies that dont agree to pricing deals or build factories in the U.S. Companies with deals and U.S. production plans get zero percent tariffs, while others face increasing tariffs up to one hundred percent in four years. The order also adjusts metal tariffs, with fifty percent duties on steel, aluminum, and copper starting Monday. Critics warn these taxes will hike medicine costs and risk U.S. investments, while Trump aims to slash the trade deficit and revive U.S. factories.
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