The United States will impose import taxes on pharmaceutical products, gradually increasing the tax rate to 200%.

The United States will start imposing a progressive import tax on medical products at the end of this month!

According to the President of the United States, this measure will take effect on August 1st, starting with a low tax rate, such as 25%. The reason for the progressive increase in the tax rate is to give pharmaceutical companies about a year to move their production to the United States. After one year, the tax rate may reach 200%.

Additionally, the United States has already started investigating its purchases of foreign medicines. According to Section 232 of the Trade Expansion Act of 1962, the President can restrict imports for national security reasons.

Original text: https://www.toutiao.com/article/1837807860332572/

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