President Donald Trump announced a new round of tariffs beginning in October 2025 that would impose a 100% duty on brand name drugs imported to the United States. There's a major exemption to the brand name drug tariffs – pharmaceutical companies that have already broken ground on building a U.S. manufacturing plant will be exempt, Trump said. The tariffs also won't apply to countries that already have negotiated trade deals such as Japan and European Union nations. "Starting October 1st, 2025, we will b ...