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📌Trump imposes a 100% tariff on pharmaceuticals, 25% on steel and aluminum.
📌Pharmaceuticals: Proposal to impose up to 100% tariffs on imported branded drugs
-> The goal is to lower drug prices in the U.S. and force companies to relocate production domestically.
📌Reactions from Big Pharma: Pfizer and AstraZeneca have reached price agreements and joined the TrumpRx platform. Eli Lilly, Johnson & Johnson, Merck & Co. commit to expanding production in the U.S.
-> Companies are changing their behavior even before the policies are implemented.
📌Steel and aluminum: A flat 25% tariff on finished imported products containing steel and aluminum. The U.S. also changed the calculation method: from a 50% tax on the metal's value to a 25% tax on the entire product.
The United States is pushing for domestic production in key industries, which directly pressures the EU, India, and China.