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Trump Announces New Tariffs on Imported Patented Pharmaceuticals

The measures include a 100% tariff on many imported brand-name drugs and key pharmaceutical ingredients, plus a 15% tariff for some trade partners including the European Union, Japan, and South Korea.

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Terms & Concepts
  • Tariff: A government tax on imported goods, often used to raise costs for foreign products or support domestic industries.
  • Patented pharmaceuticals: Brand-name medicines protected by intellectual property rights, which can limit generic competition for a set period.
  • Pharmaceutical ingredients: Core chemical or biological components used to manufacture medicines.