New 100% US tariffs on patented drugs
India, April 4 -- US President Donald Trump on Thursday ordered new tariffs on certain medicines, alongside an overhaul of metal duties, doubling down on his trade agenda a year after unleashing trade wars on virtually all partners. Making good on his threat last fall, one of Trump's orders imposes a 100% tariff on patented pharmaceuticals made abroad unless countries struck trade deals to secure lower rates, or companies commit to building plants in the United States. Meanwhile, finished products containing substantial amounts of steel, aluminum and copper will also face a lower 25% tariff on their full value instead of being targeted for the amount of metals they contain. The moves come on the anniversary of "Liberation Day," when Trump announced tariffs on goods from dozens of economies last year. P14...
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