Trump announced a 100% tariff increase, Asian pharmaceutical stocks may fall

After President Donald Trump announced that starting from October 1, a 100% tariff will be imposed on branded or patented drugs, Asian pharmaceutical stocks may fall. Trump's social media posts did not contain any other details. The Trump administration initiated an investigation into drugs in April; according to a law, the president can impose tariffs on the grounds of national security, but the executive branch must first initiate an investigation.