Print Mode Enable Media Only

News chronological

2 items before 1151398 (Keyword: "section-232" (~2 currently found))

THENATIONALPULSE (William Upton) - The Trump Admin Has Begun Working Around the SCOTUS Ruling Against Tariffs, Here’s How:

President Donald J. Trump issued two directives on Thursday as part of his White House's effort to reinstitute tariffs that were struck down by the U.S. Supreme Court earlier this year. The post The Trump Admin Has Begun Working Around the SCOTUS Ruling Against Tariffs, Here’s How: appeared first on The National Pulse .

PULSE POINTS WHAT HAPPENED: President Donald J. Trump imposed tariffs on patented pharmaceuticals and their ingredients under Section 232 of the Trade Expansion Act of 1962, to enhance national security and public health . WHO WAS INVOLVED: President Trump, the Department of Commerce, and the Department of Health and Human Services (HHS). WHEN & WHERE: The tariffs take effect in 120 days for large companies and 180 days for smaller companies, with pathways for compliance provided by the U.S. government . KEY QUOTE: “America must manufacture pharmaceutical products in order to be safe, secure, and healthy.” – The White House IMPACT: The action aims to strengthen domestic manufacturing, reduce reliance on foreign imports, and protect…Open

AXIOS (Courtenay Brown) - Trump administration announces new tariffs on drugmakers

The Trump administration said on Thursday that it would impose 100% tariffs on patented pharmaceuticals to force deals for lower drug prices and move manufacturing to America. Why it matters: It is the latest example of President Trump using tariffs as leverage over corporate America. Zoom in: The threat of tariffs, which has hung over the pharmaceutical industry for months, helped drive 13 drug companies to make "most-favored nation" pricing deals with the White House late last year. - It is possible that more companies will strike these voluntary pricing deals with the administration, and the new tariff announcement could be further motivation to do so to be exempted. - The new tariffs could also spark a wave of industry…