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Trump Plans Big Tariff on Pharma Imports; Indian Drugmakers May Be Hit

Donald Trump announced a forthcoming “major” tariff on pharmaceutical imports, aiming to incentivize drug companies to relocate operations to the U.S. He also stated he warned Taiwan Semiconductor Manufacturing Company (TSMC) about potential taxes if they didn’t establish U.S. plants. Trump criticized the Biden administration’s $6.6 billion grant to TSMC’s U.S.

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