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The United States announces a 100% tariff increase on imported patented drugs and pharmaceutical ingredients.
The White House announced on the 2nd that U.S. President Donald Trump signed a document on that day, under Section 232 of the Trade Expansion Act of 1962, imposing a 100% tariff on imported patented drugs and pharmaceutical ingredients.
This measure also provides pathways for exemptions or tariff reductions, aiming to pressure pharmaceutical companies to reach agreements with the White House on drug prices and industry reshoring.
(Xinhua)