Asian drugmakers' shares hit as Trump announces 100% tariff

Duty on branded medicines a blow for makers from Australia to Japan to South Korea

0926 drugs

Asia's drugmakers are digesting the implications of the latest U.S. tariff announcement, a 100% duty on imports of branded pharmaceutical products. © Reuters

SHAUN TURTON and JADA NAGUMO

SYDNEY/TOKYO -- Share prices of Asian pharmaceutical companies dropped on Friday as U.S. President Donald Trump unleashed a new round of sweeping tariffs that includes duties of 100% on imports of branded drugs, even as the ultimate impact of the move remains unclear.

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