Trump threatens up to 100% tariffs on brand-name drugs

One year after signing his Liberation Day tariffs into law, President Trump has issued a new executive order targeting pharmaceutical drugs

Trump says brand-name drugs from companies that don't cut deals with his administration in the coming months could face tariffs up to 100%

Companies that sign on to his most-favored nation pricing plan and build facilities in the United States would face no tariffs

Companies that build in the U.S. but don't join the pricing plan would start at 20 percent

with tariffs rising to 100 percent over four years. Larger drug makers would have 120 days to negotiate before tariffs take effect

while smaller companies would get 180 days. It is still unclear which companies or which drugs would be hit

So far, the administration says it has reached deals with 17 major drug makers

including 13 that are finalized