Switzerland braces for 100% US medicine tariff

United States President Donald Trump has announced new tariffs on medicines, lorries and furniture produced outside the US. +Get the most important news from Switzerland in your inbox From October 1, "we will apply a 100% tax on all branded and patented pharmaceutical products, unless a company BUILDS its pharmaceutical plant in America", Trump wrote on his Truth Social platform. + How pharma became Switzerland's Achelles heel in the US Until now, the Swiss pharmaceutical sector had escaped the 39% tariffs imposed on Switzerland by the Trump administration. But the Swiss pharmaceutical industry knew it was under threat of tariffs. Donald Trump had given pharmaceutical groups until the end of September to lower the prices of imported medicines, and had threatened to impose massive taxes on the industry if they failed to do so. Novartis wants to bring down US prices The Swiss pharmaceutical group Novartis is trying to bring down the price of medicines in the United States. Novartis ... Full story here Are you the author? Previous post See more for 3.) Swissinfo Business and Economy Next post
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