US President Trump signed an executive order imposing 100% tariffs on patented pharmaceuticals made abroad unless companies commit to building US plants or secure trade deals 1 2 4 . Large companies have 120 days and smaller ones 180 days to submit reshoring plans, facing 20% tariffs if committed; completion required by end of Trump's term 1 . Exemptions include EU, Japan, South Korea, Switzerland (15% duty), UK (tariff-free for 3 years), and companies with Most Favored Nation pricing deals plus US plants (0% tariff) 1 3 . Generic drugs are not subject to these tariffs, with reassessment in one year 1 . Order announced Thursday, April 3, 2026, alongside metal tariff reforms; officials claim no impact on consumer drug prices 1 . Sources: 1. https://www.ndtv.com/world-news/donald-trump-imposes-100-tariffs-on-foreign-made-drugs-reshapes-metal-duties-11304735 2. https://www.statnews.com/2026/04/01/trump-section-232-tariffs-imported-brand-drugs/ 3. https://www.youtube.co...
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