Drug companies that commit to moving production to the U.S. will face a 20% tariff and no tariff if they also agree to lower prices.

US 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 c...

Under the order, a 100% tariff will be applied to branded pharmaceutical imports unless manufacturers agree to government-backed pricing arrangements or shift production to the United States.