Trump faces pressure from US industry over China tariff on medicines
President Donald Trump is facing pressure from U.S. hospitals and generic drugmakers to exempt medical goods from his new tariffs on Chinese imports, as they join big pharma lobbyists who have said such trade barriers will cause shortages of medicines and higher prices in the United States.
China challenges Trump tariffs as 'discriminatory'
The tariffs have also provoked political tension, including retaliation from China, which responded to Trump's move with tariffs on US goods and an anti-monopoly probe of Google, among other measures. The speed with which China filed its complaint with the WTO is an indication of Beijing's readiness for the trade fight.
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Yahoo Finance will chronicle the latest news and updates on Trump's tariffs — from the threats to the eventual policy.
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