J&J boosts investments in U.S. to more than US$55 billion amid looming tariff threats [BNN Bloomberg (Canada)]
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of drug import duties by the Trump administration compels companies to expand their manufacturing operations domestically. J&J said one of the new plants will be built in Wilson, North Carolina, where the pharmaceutical giant officially broke ground on Friday, but did not reveal where the others would be set up. The drug and medical device maker said the investment represents a 25% increase compared to the last four years. Last month, drugmaker Eli Lilly said it would spend at least US$27 billion in new U.S. plants over the next five years, as companies brace for the impact of a potential 25% tariff on pharmaceutical imports. J&J, Pfizer and other firms that operate large non-U.S. plants such as in Ireland could be at risk. Trump, who campaigned on a pr
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