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The United States announces new tariffs on pharmaceuticals and steel and aluminum.
The White House in the United States issued an announcement on the 2nd. On that day, President Trump signed a document stating that, pursuant to Section 232 of the Trade Expansion Act of 1962, the United States will impose a 100% tariff on certain imported patented drugs and pharmaceutical ingredients, and will adjust the ad valorem tariffs being levied on imported steel, aluminum, copper, and related derivative products.(Xinhua News Agency)