Trump administration announces new tariffs on drugmakers
The Trump administration said on Thursday that it would impose 100% tariffs on patented pharmaceuticals to force deals for lower drug prices and move manufacturing to America. Why it matters: It is the latest example of President Trump using tariffs as leverage over corporate America. Zoom in : The threat of tariffs, which has hung over the pharmaceutical industry for months, helped drive 13 drug companies to make "most-favored nation" pricing deals with the White House late last year. It is possible that more companies will strike these voluntary pricing deals with the administration, and the new tariff announcement could be further motivation to do so to be exempted. The new tariffs could also spark a wave of industry announcements about domestic manufacturing investments. Zoom in: A sen
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