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As Pharmaceutical Technology® Group was busy networking with industry leaders at INTERPHEX 2025 in New York City on April 2, United States President Donald Trump scheduled the announcement of what he called “Liberation Day” with a 10% baseline tariff on imported goods from most other countries in the world, effective April 5 (1).
One week later, in the early morning hours of April 9, Trump went ahead with levying reciprocal taxes on countries the president had felt engaged in unfair trading practices, according to an Associated Press report (1). Those tariffs were what, later that day, Trump then selected for a 90-day pause that briefly sent a…