President Trump has announced new tariffs, including a 100% tax on pharmaceutical products from companies not building plants in the US. The tariff will start on October 1st, 2025, unless these companies invest in American manufacturing. This move aims to encourage domestic production and reduce reliance on foreign-made medicines.
Source: https://www.wsj.com/economy/trade/trump-to-slap-new-tariffs-on-pharma-big-trucks-ab37416e