Trump announces 100% tariff on generic drugs starting August 2028
Former President Trump announced a phased tariff plan targeting generic pharmaceuticals, with rates set to reach 100% in 2028 and 200% in 2029. The policy aims to force domestic relocation of drug manufacturing, though the feasibility of such a rapid supply chain shift remains highly uncertain.
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Brazil-US Trade Friction Amidst Brazilian Industrial Policy Shift
Brazil is actively pursuing a state-led industrial development strategy ('Brasil Soberano 3') and diversifying export markets in response to confirmed US trade restrictions. Concurrently, the Brazilian government is evaluating a formal WTO dispute against the US, signaling potential escalation in bilateral trade relations. The impact of US tariffs is also influencing Brazilian domestic politics, potentially bolstering President Lula's standing.