President Trump signed an executive order on Tuesday outlining a series of actions intended to lower drug prices, including helping states import drugs from Canada. The policies were more modest than proposals to reduce drug prices that Mr. Trump offered in his first term. And one of his new directives could increase drug prices. It…
President Trump’s decision to move a step closer to imposing tariffs on imported medicines poses considerable political risk, because Americans could face higher prices and more shortages of critical drugs. The Trump administration filed a federal notice on Monday saying that it had begun an investigation into whether imports of medicines and pharmaceutical ingredients threaten…
President Trump has taken a whipsaw approach to tariffs, widening and shifting course in determining which countries and goods will be subject to them. But across Mr. Trump’s political career, his case for tariffs has remained consistent, relying on a number of false and misleading claims to describe a global trade system that is “unfair”…
The European Union will launch its first countermeasures against US President Donald Trump’s tariffs next week, the bloc’s members agreed on Wednesday, joining China and Canada in retaliating and escalating a global trade conflict. The approval came on the day that Trump’s “reciprocal” tariffs on the EU and dozens of countries took effect, including massive…
India is eager to progress with the bilateral trade agreement, aiming for completion by fall 2025. (AI image) India is willing to consider duty-free imports from the United States across various sectors, including those under production-linked incentive (PLI) schemes, according to sources familiar with the matter. A substantial offer from India could hasten the proposed…
President Trump’s 25 percent tariffs on imported vehicles, which went into effect last week, are already sending tremors through the auto industry, prompting companies to stop shipping cars to the United States, shut down factories in Canada and Mexico and lay off workers in Michigan and other states. Jaguar Land Rover, based in Britain, said…
US President Donald Trump on Monday threatened China with a whopping 50 per cent additional tariff, on top of the 34 per cent levy on Chinese imports announced a few days back. Besides, Trump has given China one day to undo its 34 per cent reciprocal tariffs announcement on US imports, and said the additional…
Are Donald Trump’s sweeping tariffs on the US’s allies and adversaries working? Five days after the announcement sent global markets into a tailspin, nearly 50 countries have dialled the White House while a few others have decided to do away with tariffs on US imports altogether. Vietnam and Taiwan, among the countries to face the…
US customs agents began collecting President Donald Trump’s unilateral 10% tariff on all imports from many countries on Saturday, with higher levies on goods from 57 larger trading partners due to start next week. The initial 10% “baseline” tariff took effect at US seaports, airports and customs warehouses at 12:01 am ET (0401 GMT), ushering…
Trump has indicated potential complications for Russian oil trade unless Moscow reaches an agreement on the Ukraine conflict. (AI image) Indian refiners increased their US crude imports by 67% in March compared to February, at a time when US President Donald Trump is pushing for American energy exports. Notably, Russian imports grew by 11% despite…