Trump Will Impose 100% Tariff on Some Patented Drugs (2)

The Trump administration will impose tariffs of as much as 100% on certain imported medicines, albeit with several major exemptions, a maneuver to pressure drugmakers to manufacture more in the US.

The new levy, which President Donald Trump authorized on Thursday, applies to patented drugs made in countries that lack tariff deals with the US by companies that don’t have most-favored-nation-pricing agreements with the administration.

Duties for products made by certain larger companies will take effect in 120 days, while items from smaller manufacturers won’t be hit for another 180 days, according to a White House statement.

Tariffs on ...