Trade warTrump pharma tariff seen as needle prick for China, disruptive for U.S.
Threat to add 25% levy on global imports raises concerns over prices and shortages
China is one of the top pharmaceutical exporters to the U.S., raising concerns about overreliance as well as potential side effects from new tariffs. (Nikkei montage/Reuters photo)
STELLA YIFAN XIE
February 24, 2025 16:13 JST
HONG KONG -- U.S. President Donald Trump's latest threat to impose steep blanket tariffs on a range of imports that includes drugs underscores another key friction point in the economic rivalry between Washington and Beijing: America's reliance on Chinese medical supplies.