The U.S. imposes a 10% tariff, Japan retaliates with 24%, impacting Japanese pharmaceutical exports and companies heavily reliant on U.S. revenue.
What is covered in the Full Insight:
Introduction to US Tariffs
Impact on Japanese Exports
Tariffs on Pharmaceuticals and Medical Devices
Economic and Market Implications
Japan's Response and Negotiation Efforts
Boomeranged on Mon, 12 May 2025 15:00
Trump is expected to sign an executive order to lower prescription drug prices. The question about the feasibility of implementation of Trump’s plan remains. However, prima facie the announcement is negative for pharmaceutical companies having exposure to the U.S. In reaction, shares of major Japanese pharma companies are down 4–8% this morning.