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Trump Announces Potential Plan for New Tariffs on Pharmaceuticals
President Trump Prepares to Unveil New Tariffs
In a recent statement, President Donald Trump revealed that he is planning to announce new tariffs within the upcoming week. This move signals a potential escalation in the ongoing trade negotiations, particularly pertaining to the pharmaceutical industry.
Initial Proposal and Timeline
Trump initially proposed tariffs on pharmaceutical imports last month. According to his plans, these tariffs would be phased in gradually over the course of a year or more. The objective appears to be to protect and promote domestic manufacturing of pharmaceuticals.