Trump Pauses Pharma Tariffs As Pfizer Strikes $70B Manufacturing And Drug Pricing Deal

Benzinga 2025-10-02

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Trump paused plans for 100% tariffs on imported drugs after striking a $70 billion deal with Pfizer. The agreement expands U.S. manufacturing and launches TrumpRx.gov in exchange for a three-year tariff reprieve. The White House said other drugmakers must join or face duties, as analysts noted Trump’s hardball negotiating style.
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