Bangkok: US President Donald Trump has kept the world in constant confusion over the issue of tariffs since he took over. After imposing mutual tariffs on countries around the world, Trump has postponed its implementation on countries other than China for 90 days. Apart from this, the Trump government is now considering keeping the automobile out of the tariff after electronic goods. On the other hand, Trump gave a big statement saying that he is preparing to put tariffs on foreign medicines soon. If this happens, medicines will become expensive in America.
US President Donald Trump said, “I can impose a tariff whenever I want, and the day is not far when we will put tariffs on drug imports.” We will put tariffs on medicines because we want to make our medicines ourselves. More than 70 percent of active medicinal components or materials used in drugs manufactured in the United States are produced in countries such as India, European Union and China. The United States produces fifth of the world’s drugs, but also consumes 45 percent more drugs than any other country.
Following Trump’s statement, the US government has taken steps to impose additional duty on major imports, including checking the import of computer chips, chip making machines and drugs. The Department of Commerce published a notice of investigation in the federal register late on Monday night, and sought public remarks within three weeks. The ministry did not formally announce it earlier. US President Donald Trump last week announced a 90 -day delay in implementing tariffs on countries other than China, but now Trump has said that he is now planning to install tariffs on medicines, wood, copper and computer chips. The Ministry of Commerce said that it is investigating how the import of computer chips, machines used to make them, and the products that they use, including car, refrigerator, smartphones and other everyday items affect the import of how the imports affect national security.
On the other hand, US President Trump said on Monday that he could also consider temporarily suspending tariffs on the auto industry to give time to car manufacturers to adjust his supply lines. Trump said at the Oval Office, “I am thinking about helping some car companies.” Vehicle manufacturers need time to transfer production from Canada, Mexico and other places, as they want to manufacture their products there. For this they need some time. So I am talking about similar things.
The post is not far away when I will put a tariff on medicines as well: the new strategy of eccentric Trump first appeared on News India Live | Breaking India News, The Indian Headline, India Express News, Fast India News.
