In 2025, U.S. had a $112 billion pharmaceutical trade deficit, largely with Ireland and Switzerland. Trump suggested imposing 100% tariffs on certain pharmaceutical imports to reduce this deficit.
China controls 70% of rare-earth extraction and 90% of processing. U.S. 2025 rare-earth imports were 71% from China, critical for defense and energy. Investors should track U.S. efforts to boost ...
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