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The pharmaceutical industry is bracing for what President Donald Trump is calling "Liberation Day", when the administration will unveil its long-anticipated tariffs. Although drug tariffs are not expected to be on the initial list to be released on Wednesday, several industry leaders believe they are coming soon.
Sources told Reuters that the industry is lobbying for potential tariffs to be implemented gradually instead of immediately being imposed at a 25% rate. “The idea of incremental ramp-up of tariffs, a sort of gradation if you will, is definitely out there from the pharma industry side," one source said.
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Alan Goforth
Alan Goforth is a freelance writer in suburban Kansas City. In addition to freelancing for several publications, he has written a dozen books about sports and other topics.
