Trump’s Tariff Threat for Drug imports Poses Big Political Risks
Levies on Americans’ daily prescriptions and other medicines could raise costs, spur rationing and lead to shortages of critical drugs.
It Is Happening Every Day, Every Where
Levies on Americans’ daily prescriptions and other medicines could raise costs, spur rationing and lead to shortages of critical drugs.
President Trump is staking everything on winning by imposing tariffs on China. But the fight threatens to choke off negotiations about other issues like Taiwan, fentanyl, TikTok and more.
The Pentagon and defense contractors are heavily reliant on magnets and rare earth minerals mined or processed in China, which has suspended exports of the materials in an escalating trade war.
Christopher J. Waller argued that the effect of tariffs on prices could be short-lived, but he warned about a bigger hit to growth.
The president has suggested that he will move forward with a national security investigation this week that is likely to result in tariffs on chips.
British officials also announced more financing for exporters as the country sought to protect firms hurt by tariffs.
On Friday, the administration carved out an exception for a variety of electronics from the steep taxes now applied to Chinese imports.
The Trump administration is in a standoff with the Chinese government as trade tensions escalate, leaving U.S. businesses in the cross hairs
A long list of electronic products got a reprieve for now from at least some of the levies on China, which had been expected to take a toll on tech giants like Apple.
A trade war with China and tariff threats on other countries are ramping up pressure on stores that sell products from overseas — which, for some categories, is just about all of them.