WASHINGTON, D.C. – The Trump administration has decided to delay the imposition of 100% tariffs on some imported drugs. This decision comes after President Trump threatened to impose these tariffs on brand-name drugs last week.
The tariffs were originally scheduled to go into effect on Wednesday. However, the White House has now put the plan on hold to allow time for negotiations.
President Trump clarified that the tariffs would not apply to drug manufacturers who are building plants in the United States. This move is seen as an effort to encourage pharmaceutical companies to increase domestic production.
The decision to delay the tariffs aims to provide space for discussion, according to the administration.