Trump celebrates ‘Liberation Day’ with new tariffs on pharmaceuticals and metals
By Steven Nelson
Published on April 2, 2026.
President Donald Trump has implemented new tariffs on pharmaceuticals and steel, marking the one-year anniversary of his reciprocal tariff announcement. The orders impose a 100% tariff on foreign-made drugs and require steel to be tariffed at its US market value, which is not the lower cost of making it abroad. The tariff is likely to be reduced to 0% for large companies that have pledged to offer federal health programs "most favored nations" pricing and onshore production.
Related Articles
Senegal bans government travel as Iran war oil shock hits public finances
Senegal's PM Ousmane Sonko banned government travel due to the Iran war and its impact on global energy markets, with additional measures announced next week.
German trade union chief calls for scrapping of VAT on food
The German Trade Union Confederation chief Yasmin Fahimi advocates for a VAT cut of up to 0% on food, citing low earners' welfare and taxation concerns.
No injuries after blast at pro-Israel centre in the Netherlands
A small explosion occurred at the Israel Centre in Nijkerk, the Netherlands, causing minor damage to the building and prompting a police investigation.