Trump plans generic drug tariffs from 2028 with two-year delay testing U.S. onshoring push
The latest tariff salvo underscored Trump's goal of reshoring low-cost drug production, but displacing established suppliers like India won't be easy.
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The latest tariff salvo underscored Trump's goal of reshoring low-cost drug production, but displacing established suppliers like India won't be easy.

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Import prices were up 0.3% for the month, as a drop in energy was more than offset by increases elsewhere.
Import prices were up 0.3% for the month, as a drop in energy was more than offset by increases elsewhere.
As with consumer prices, the index benefited from easing energy costs, particularly as oil fell due to the brief pause in tensions between the U.S. and Iran.
As with consumer prices, the index benefited from easing energy costs, particularly as oil fell due to the brief pause in tensions between the U.S. and Iran.
Several consecutive days of strikes exchanged between the U.S. and Iran have cast uncertainty on the European Central Bank's interest rate decision next week.
Inflation has risen for the eighth straight month in India, as food and energy prices rise due to the Iran war and deficient rainfall.
Inflation has risen for the eighth straight month in India, as food and energy prices rise due to the Iran war and deficient rainfall.
Inflation has risen for the eighth straight month in India, as food and energy prices rise due to the Iran war and deficient rainfall.
Following a wave of price hikes, at-home pastimes like streaming movies or playing video games are pinching pocketbooks.
Following a wave of price hikes, at-home pastimes like streaming movies or playing video games are pinching pocketbooks.
The shares are set to start trading on the Nasdaq on Friday in what will be the largest ever debut by a foreign firm.
Nonfarm payrolls are projected to post a gain of 115,000, according to the Dow Jones consensus.
Nonfarm payrolls are projected to post a gain of 115,000, according to the Dow Jones consensus.
Companies added slightly fewer workers than forecast, with hiring targeted heavily toward healthcare-related sectors.
Companies added slightly fewer workers than forecast, with hiring targeted heavily toward healthcare-related sectors.
The personal consumption expenditures price index was expected to show a 4.1% annual increase.
The personal consumption expenditures price index was expected to show a 4.1% annual increase.
The swift U.S. offer of assistance reflects a degree of diplomatic realignment between the Trump administration and the Venezuelan interim government.