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Singapore seeks favorable U.S. drug tariffs after Trump delays 100% tax on branded pharmaceuticals.
Singapore is negotiating with the U.S. to secure a preferential tariff deal for its pharmaceutical exports after the Trump administration delayed implementing a 100% tariff on imported branded drugs, effective October 1, 2025.
The delay allows time for discussions, as Singapore seeks terms similar to those with Japan and South Korea.
The country exports primarily active pharmaceutical ingredients to the U.S., averaging $2.8–3.7 billion annually from 2022 to 2024.
Major global drugmakers like Pfizer, Merck, and Novartis have operations in Singapore.
Some firms are expanding or building U.S. facilities to qualify for tariff exemptions, while the government works to protect its key industry and attract investment amid global trade uncertainty.
Singapur busca aranceles favorables a los medicamentos estadounidenses después de que Trump retrase el impuesto del 100% sobre productos farmacéuticos de marca.