April 3, 2026 1:15 PM
A year after ‘Liberation Day,’ Trump sets new drug tariffs, adjusts metals duties
U.S. President Donald Trump ordered 100% tariffs on certain branded pharmaceutical imports and overhauled steel, aluminum and copper duties on Thursday as his administration sought to move on from the collapse of the broad global tariffs he announced exactly one year ago. The new tranche of tariffs is aimed partly at rebuilding duties lost when the Supreme Court struck them down in February. But they drew criticism from some business groups for adding potential new cost pressures at a time when...