Trump announces 100% tariff on imports of branded or patented pharmaceuticals from October 1

The United States will introduce a 100% tariff on imports of branded or patented medicines from 1 October, unless the producing company is in the process of building a manufacturing plant in the country, President Donald Trump announced on Thursday.

“There will be no tariff on these pharmaceutical products if construction of a facility has already begun,” Trump wrote on Truth Social.

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