“Under Thursday’s executive order, companies that have signed a 'most favoured nation' pricing deal and are actively building facilities in the US will have a zero-percent tariff”

“The official, speaking on condition of anonymity to preview the executive order before it was issued, did not identify any companies or drugs that were in jeopardy of getting hit with the increased tariffs”

“In Thursday’s executive order, Trump wrote that he deemed the tariffs necessary 'to address the threatened impairment of the national security posed by imports of pharmaceuticals and pharmaceutical ingredients'”

“The order arrived on the first anniversary of Trump’s so-called Liberation Day, when the president unveiled sweeping new import taxes on nearly every country in the world, sending the stock market reeling. Those 'Liberation Day' tariffs were among the duties the Supreme Court overturned in February”

“The United European Union, Japan, Korea and Switzerland will see a 15 percent US tariff on patented pharmaceuticals, matching previously agreed rates for most goods”

“Meanwhile, the United Kingdom will get 10 percent, which Thursday’s order noted would 'then reduce to zero' under future trade agreements”