Muscat: US President Donald Trump has announced plans to impose tariffs on imported generic drugs starting in mid-2028, aiming to push pharmaceutical companies to manufacture them on US soil. According to Oman News Agency, in a post on his Truth Social platform, Trump said generic drugs would remain exempt until August 2028. A 100 percent tariff would then apply for one year, rising to 200 percent thereafter. The two-year grace period is designed to give drugmakers time to relocate production to the United States, he said. Trump added that companies choosing not to build manufacturing facilities in the US would face penalties, though he did not specify the nature of those penalties or the legal authority for the proposed tariffs. The move escalates pressure on pharmaceutical companies that produce their drugs outside the United States.
Related Articles
Oman Marks World Health Day, Affirms Commitment to Health Innovation
Muscat: The Sultanate of Oman will join the countries of the world tomorrow in marking the World Health Day, which falls on 7 April of each year. This year’s celebration is under the theme “Together for Health. Stand with Science”, affirming the impor…
Nama Water Services Presents RO 123 Million Wastewater Projects in Bausher
Bausher: Nama Water Services today held a meeting with Bausher Municipality to review wastewater network projects in Wilayat, with a total cost exceeding RO 123 million. The meeting aimed to strategize the implementation plans and explore solutions to…
ERDOGAN: WE WILL DIRECT OUR INVITATION TO ASSAD, AND IT MAY BE AT ANY MOMENT, IN THE HOPE THAT RELATIONS WILL RETURN TO WHAT THEY WERE
Turkish President Recep Tayyip Erdogan said that Ankara will extend an invitation to Syrian President Bashar al-Assad, and it may be at any moment, expressing his hope that Turkish-Syrian relations will return to what they were in the past.
He told r…