Trump imposes 100% drug tariffs

The new trade barriers target brand-name drugs from various nations, though some exemptions have been proposed for countries that agree to specific pricing deals.

Economic experts warn that these tariffs could be the most inflationary in a lifetime, potentially driving up prescription costs for American consumers.

The administration also adjusted duties on metals, lowering some rates for steel and aluminum while maintaining a hard line on medical supplies.

This policy shift has already caused significant concern among international trading partners, particularly in Australia and Europe.