President Donald Trump has announced that he will impose 100 percent tariff on imports of brand-name or patented pharmaceutical products from next month unless the drug manufacturing company establishes a production plant in the United States.
"Starting October 1st, 2025, we will be imposing a 100% Tariff on any branded or patented Pharmaceutical Product, unless a Company IS BUILDING their Pharmaceutical Manufacturing Plant in America," he wrote on Truth Social Thursday. "'IS BUILDING' will be defined as, 'breaking ground' and/or 'under construction'. There will, therefore, be no Tariff on these Pharmaceutical Products if construction has started. Thank you for your attention to this matter".
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