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Stock impact report

Trump vows tariffs on pharma imports [Yahoo! Finance]

AstraZeneca PLC - American Depositary Shares (AZN) 
Last astrazeneca plc - american depositary shares earnings: 2/5 04:00 pm Check Earnings Report
US:NYSE Investor Relations: astrazeneca.com/investor-relations.html
Company Research Source: Yahoo! Finance
Speaking in the Oval Office on Monday night, the US President said he would announce the charges on foreign drugs in the “not too distant future”. It would mark a landmark moment for the industry, which has been exempt from tariffs for decades, following a World Trade Organisation agreement to ensure countries can get affordable access to medicines. It is also a key export market for nations including the UK and Ireland. Pharmaceuticals is Britain's second largest industry for exports to the US, after cars. Mr Trump said: “We don't make our own drugs, our own pharmaceuticals - we don't make our own drugs any more. “The drug companies are in Ireland , in lots of other places [like] China. And all I have to do is impose a tariff. The more, the faster they move here.” Mr Trump also suggested he was exploring possible tariff exemptions for imported vehicles to give carmakers “a little bit of time” to move manufacturing to the US. Pharmaceuticals were excluded from the first r Show less Read more
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