Trump unveils 100% tariff on some patented drugs on ‘Liberation Day’ anniversary

AP News – Thursday, April 2, 2026
By Wyatte Grantham-Philips

NEW YORK (AP) — President Donald Trump signed an executive order Thursday that could slap long-threatened pharmaceutical tariffs of up to 100% on some patented drugs from companies that don’t reach deals with his administration in the coming months.

Companies that have signed a “most favored nation” pricing deal and are actively building facilities in the U.S. to onshore production of patented pharmaceuticals and their ingredients will have a 0% tariff. For those that don’t have a pricing deal but are building such projects in the U.S., a 20% tariff will apply but will increase to 100% in four years.

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