Trump threatens extra 10% tariff on nations that side with Brics
www.bbc.com
The president said the levy will apply to "any country aligning themselves with the Anti-American policies of Brics".

“Any country aligning themselves with the Anti-American policies of BRICS, will be charged an ADDITIONAL 10% tariff. There will be no exceptions to this policy,” Trump wrote on social media.

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        • SkingradGuard [he/him, comrade/them]@hexbear.netOPEnglish
          4·
          11 days ago

          Eh, depends. The American and Euro companies have massive factories there, but so do native Indian companies.

          But pharmaceuticals are an “advanced” industry that tends to stay in-house. It’s one of the few industries that stays in the country (like weapons). This isn’t a global north/south split either. Brazil for instance, has a massive pharma industry. I guess it’s just one of those important industries to keep once you reach a certain stage of development.

          • PeeOnYou [he/him]@lemmygrad.mlEnglish
            2·
            11 days ago

            Not trying to be a pain in the ass, but I’m not sure what you mean by keeping it ‘in-house’? My partner has been working for bio/pharma for the past 8 years or so. The companies she works for always contract with other companies, most of which are large pharmas outside the US. Seems to be a pretty collaborative industry due to the high cost of coming up with new drugs.