America is set to impose hefty 100% tariffs on imported medicines. This move targets drug companies that do not agree to government pricing deals or commit to manufacturing in the US. Companies have a limited time to comply. This aims to lower prescription drug costs for Americans. Exemptions and reduced rates are available for those meeting specific criteria.
Tariff therapy: Trump nudges pharma cos to make drugs in US or face 100% tariff
Source: The Economic Times
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