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.
With just five days left until the US president is set to impose the harshest measures yet in his global trade war, analysts have been racing to figure out which nations, firms and drugs could be affected.
While plenty of uncertainty remains, there do appear to be some exemptions. Major exporter the European Union says a previous trade deal shields the bloc from the tariffs.
– Which products will be hit? –
Trump announced late Thursday he would impose a 100-percent tariff on “any branded or patented Pharmaceutical Product” unless the company has started construction on a manufactur