CNBC's Angelica Peebles reports the latest news surrounding pharmaceutical markets.

The Trump administration is considering imposing tariffs of up to 100% on imported branded pharmaceuticals and their ingredients, according to a draft document obtained by CNBC. Companies that have not signed agreements with the administration would be subject to these tariffs, while those with deals—including major firms like Eli Lilly, Pfizer, and Johnson & Johnson—would be exempt.

Generic and orphan drugs are also excluded from the proposed tariffs. Companies planning to move production to the U.S. would initially face a 20% tariff, which would rise to 100% after four years. The draft also outlines separate tariff rates for the EU, Japan, South Korea, Switzerland, and the UK, based on their agreements with the administration. The document is still in draft form and could change before its official release.

Trump admin prepares up to 100% tariffs on some imported drugs

All right, we are getting some breaking news in the pharmaceutical space. Let's go to Angelica Peebles with that story. Hi, Angelica Hey, Seema. Well, the White House is preparing to impose tariffs on branded pharmaceuticals. That's according to a draft of the document obtained by CNBC I do want to flag that endpoints had that earlier But now we have a copy that we're looking at and so in this draft It says that companies that haven't signed deals with the Trump administration Would be subject to a 100% tariff on patented drugs and related ingredients Remember more than a dozen drug companies including Eli Lilly, Pfizer, Johnson & Johnson They've all signed these deals with the administration that exempts them from tariffs and that is in here Generic drugs and orphan drugs would also be exempt from these tariffs There's a lot of exemptions in here But companies that have plans to onshore production would face a 20% tariff on branded drugs and their ingredients and that would increase to 100% four years from now and there are separate rates for the EU, Japan, South Korea, Switzerland and the UK But based on those separate deals that they've struck with the administration and we've reached out to the White House for comment Remember, this is a draft document So it still could change and there's some mixed messages on when we could get it, but it could come as soon as today So this is of course a big one to watch guys. Okay. We'll look for you look to you for more updates Angelica. Thank you

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Washington

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Middle East Conflict

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Brussels

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London

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Tehran

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