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Trump signs executive order to boost US drug manufacturing amid threat of tariffs
The executive order adds on to Trump’s planned tariffs on pharmaceuticals in his overall strategy to onshore production of medicines. At the White House event, Trump told reporters that he will announce pharmaceutical-specific tariffs in the next two weeks.
Trump to Sign Order to Encourage Domestic Drug Manufacturing, WaPo Reports
The order directs the U.S. Food and Drug Administration to reduce the time it takes to approve drug manufacturing plants in the country, as well as to increase fees for inspections at foreign sites, according to the newspaper.
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