Morning Business Report: Trump threatens high tariffs on pharmaceuticals, Social Security moves away from paper checks
President Donald Trump told CNBC’s “Squawk Box” that planned tariffs on pharmaceuticals imported into the U.S. could eventually reach as high as 250%.
(LILAMAX)- President Donald Trump told CNBC’s “Squawk Box” that planned tariffs on pharmaceuticals imported into the U.S. could eventually reach as high as 250%, marking the highest tariff threat he has made to date. While the tariffs won’t start at that level, Trump said they will rise to that point over time. The move aims to encourage drug companies to…