Trump's new duties on medicine. However, there are exceptions


The official added that the duties for EU drugs will be limited to 15 percent. in accordance with the provisions of the Framework Trade Agreement. In the case of Japan, the rate specified in her agreement will apply. The joint statement of the USA -Japonia indicates that American tariffs for Japanese drugs and semiconductors should not exceed those used for other countries, including the EU, writes Bloomberg.
On Thursday, Trump announced that the US will introduce 100 percent. The duty “for every patented or branded pharmaceutical product, unless the company is building its pharmaceutical production factory in America”, defining this as “starting construction or construction in progress”.
“There will be no customs if the construction has already begun” – the president wrote on social media. The sudden announcement did not contain other details, which raised doubts in some capitals whether their trade agreements still protect against new tariffs.
If the company announces the intention to build a plant in the USA, its products will be released from customs, while the Trade Department will assess and approve such a notification – explained the official, quoted by the Bloomberg agency.




