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The Latest Breaking News on The Nations And Firms Threatened By Trump's Pharma Tariffs

The Nations And Firms Threatened By Trump's Pharma Tariffs

Donald Trump has shocked the global drug industry by announcing 100-percent tariffs on all branded, imported pharmaceutical products -- unless companies are building manufacturing plants in the United States.

International Business Times

Trump’s latest tariff threat raises concerns for UK pharmaceuticals

Britain will ‘actively engage’ with US over possible 100% duties, with truck and cabinet makers also in firing line

The Guardian - UK

Pharma tariffs: The EU's confident it can dodge US measures

US President Donald Trump announced on Thursday 100% tariffs on pharmaceutical products imported into the US, but the European Commission remains hopeful that the deal concluded with Washington this summer—setting 15% tariffs on EU goods—will also apply to the sector.

Euronews

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New Trump Tariffs Set For Oct. 1, This S&P 500 Stock Soars

President Donald Trump on Thursday announced tariffs hitting three major industries, with duties ranging from 25% to 100%.

Investors Business Daily

Watch the video - EU high-tech exports recover: Here are the biggest trading partners

Pharma has become the EU's most valuable high-tech export, driving the bloc's first trade surplus in years. But can it survive the impact of US tariffs?

Euronews

Trump’s overnight demand for 100% tariffs on pharmaceuticals will be ‘a meaningful commercial hit for U.S. consumers,’ top analyst says

The good news: There are several loopholes in Trump’s proposal that mean the impact of the new taxes may be limited.

Fortune

Canada Should Offer to Drop Its Terrible Agricultural Restrictions in Return for U.S. Tariff Reductions

There’s an opportunity to abandon bad policies that raise consumer costs and move toward free trade.

Reason

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S&P Futures Muted After New Trump Tariffs, U.S. PCE Inflation Data in Focus

December S&P 500 E-Mini futures (ESZ25) are trending up +0.03% this morning as investors weigh U.S. President Donald Trump’s latest tariff salvo and await the release of the Federal Reserve’s first-line inflation gauge for clues on the central bank’s next policy move.

Barchart

Trump slaps 100% tariff on pharmaceuticals with kitchen cabinets, furniture and heavy trucks also hit with levies

President’s latest levies risk backfiring and intensifying inflation despite his assurances the country is having ‘unbelievable success’

The Independent UK

Trump to put import taxes on pharma, home furnishings, heavy trucks

While Trump did not provide a legal justification for the tariffs, he appeared to stretch the bounds of his role as commander-in-chief by stating on Truth Social that the taxes on imported kitchen cabinets and sofas were needed “for national security and other reasons".

Euronews

Tariffs and a strong euro are hurting Europe’s exports to America

EU exports to the US dropped sharply as new Trump tariffs and a stronger euro hit trade, slashing Europe's surplus and weighing on key sectors like cars and pharmaceuticals.

Euronews

China launches an investigation into Mexico's tariffs on imports from Asia

China has opened an investigation into whether Mexico's import tariffs are a trade barrier

The Independent UK

Asian shares tumble after Trump says he will impose new tariffs on drugs and other goods

Asian shares have slipped after President Donald Trump announced plans for new tariffs including 100% import taxes on pharmaceutical drugs, starting on Oct. 1

The Independent UK

Asian Markets Drop As US Data, New Tariff Threats Dent Sentiment

Markets retreated Friday as nagging uncertainty about the US interest rate outlook was compounded by data showing the world's biggest economy faring much better than expected and fresh tariff warnings from President Donald Trump.

International Business Times

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International Business Times

Trump Announces Steep New Tariffs, Reviving Trade War

US President Donald Trump announced Thursday punishing tariffs on pharmaceuticals, big-rig trucks, home renovation fixtures and furniture, reviving his global trade war.

People

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