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U.S. to impose 100% tariff on branded, patented drugs unless firms build plants locally, Trump says

By CNBC.com  
   September 26, 2025

President Donald Trump announced Thursday that the U.S. will impose a 100% tariff on 'any branded or patented Pharmaceutical Product' entering the country from Oct. 1. The measure will not apply to companies building drug manufacturing plants in the U.S., Trump said. He added that the exemption covers projects where construction has started, including sites that have broken ground or are under construction.

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