Search





Search





Trump administration readies new tariffs on select drugmakers, Bloomberg News reports

ReutersApr 1, 2026 11:27 PM

April 1 (Reuters) - The Trump administration is set to announce tariffs as soon as Thursday on drugmakers that have not struck deals guaranteeing low prices in the U.S., Bloomberg News reported on Wednesday, citing people familiar with the plan.

The White House did not immediately respond to Reuters' request for comment.

The Trump administration has been considering a 100% tariff on imported branded and patented medicines, prompting global drugmakers to ramp up U.S. manufacturing and stockpile inventory.

Pfizer PFE.N and AstraZeneca AZN.L have secured multi-year tariff exemptions through pricing deals and commitments to the new TrumpRx.gov platform. Eli Lilly LLY.N, Johnson & Johnson JNJ.N and Merck MRK.N have pledged billions to expand U.S. operations to avoid penalties.

Companies that do not have agreements and are not in negotiations with the administration will be subject to 100% tariffs, the report said.

The plans are not final and could still change, and there could also be exemptions for some medicines and disease categories, it said.

Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.

Tradingkey

Recommended Articles

Nvidia’s $2 Billion Investment in Marvell: What Is Marvell?

TradingKey - On March 31, 2026, local time, NVIDIA (NVDA) announced a $2 billion investment in semiconductor giant Marvell (MRVL) and the establishment of a deep strategic partnership.

OpenAI Completes $122 Billion Funding, How Far Is $852 Billion-Valued OpenAI From IPO?

TradingKey - On Tuesday, March 31, OpenAI officially announced the completion of its largest private funding round since its inception. The deal set a new global record for private financing, bringing the company's post-money valuation to $852 billion.

From Computing Power to Efficiency: OpenAI VS Claude Code

TradingKey - On April 1, 2026, the AI industry witnessed a dramatic contrast: OpenAI completed the largest financing round in Silicon Valley history amid surging capital enthusiasm, while the memory spot market suffered a “cliff-like” plunge, sending a chill through the sector. These seemingly contr

South Korea Stocks Surge 9% with Double Circuit Breakers as Analysts Warn of a False Dawn

TradingKey - On Wednesday (April 1), South Korea's KOSPI index surged by as much as 9% in late trading, breaking above the 5,500-point mark and ending a four-session losing streak. As KOSDAQ 150 index futures rose 6%, the Korea Exchange triggered a circuit breaker mechanism, suspending program tradi

Helium’s 2026 Shock: Which Stocks are Most Affected

Most investors don’t spend much time thinking about helium. It’s the party-balloon gas… or at least that’s what most people think. But But behind the scenes, helium keeps a lot of high-end tech running - and supply has tightened fast lately.

Tradingkey

KeyAI

