US President Donald Trump announced plans for sweeping new tariffs on imported pharmaceuticals and semiconductors, potentially reaching 250% on drug imports within 18 months. Speaking to CNBC, Trump emphasized the need to boost domestic manufacturing, vowing initial tariffs soon and further duties “within the next week.” This move intensifies global trade tensions as new tariffs on products from Brazil, the EU, and Taiwan take effect this week. Switzerland, whose pharmaceutical exports comprise 60% of its US trade, is scrambling to avoid additional levies. Trump also warned of sharp tariff hikes on Indian imports over its continued purchase of Russian oil.
Pharmaceuticals
Table of Contents
Read More News on Latest Malaysia
Follow us on:
Read More News on Business News Malaysia
Read More News on SG Business News
Read More News on World Future TV
