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Exceptions were granted to lower tariffs to 15 percent for the European Union, Switzerland, Japan, and South Korea, and 10 percent for the UK.
WASHINGTON—President Donald Trump signed executive orders on Thursday raising levies on some medications and refining calculations on steel tariffs.
Pharmaceutical drugs produced outside the United States are subject to 100 percent tariffs, unless manufacturers agree to onshore production and offer most-favored-nation pricing.
