Trump unveils 100 percent tariff on drugs to push for pharmaceutical deals

U.S. President Donald Trump has signed an executive order threatening to impose tariffs of up to 100 percent on some patented drugs if pharmaceutical companies do not reach deals with his administration in the coming months. Companies that have signed a 'most favored nation' pricing deal and are building facilities in the U.S. will have a zero-percent tariff. A 20 percent tariff will apply to those without a pricing deal, increasing to 100 percent in four years.