Trump administration announces new tariffs on drugmakers

The Trump administration said on Thursday that it would impose 100% tariffs on patented pharmaceuticals to force deals for lower drug prices and move manufacturing to America. Why it matters: It is the latest example of President Trump using tariffs as leverage over corporate America.Zoom in: The threat of tariffs, which has hung over the pharmaceutical industry for months, helped drive 13 drug companies to make "most-favored nation" pricing deals with the White House late last year.It is possib...