Trump imposes 100% pharma tariffs

The new duties target brand-name drugs from several countries, including major trading partners, though generic exports from nations like India are largely exempt.

Budget experts have warned that these tariffs could be the 'most inflationary' in a lifetime, potentially driving up healthcare costs for millions of Americans.

The administration argues that the move is necessary to reduce reliance on foreign supply chains and bolster national security.

This latest round of 'Liberation Day' tariffs also includes new duties on imported steel, aluminum, and copper.