Switzerland says that 39% tariffs from US don’t apply to prescription drugs

For some context, prescription drugs account for round 40% of whole exports from Switzerland – at the very least by worth. That makes it the largest exporting trade for the Swiss and roughly 60% of these exports are directed to the US. As such, the exemption right here is unquestionably a notable one.

On the identical time, Malaysia can also be reaffirming that its 19% tariffs fee will exempt prescription drugs and semiconductors. Including that there had been no settlement or request from the US facet to produce uncommon earths in tariff talks.

This text was written by Justin Low at investinglive.com.