--- title: "Tariff Watch Warning on These Two Sectors" type: "News" locale: "en" url: "https://longbridge.com/en/news/281767004.md" description: "The Trump administration is considering imposing tariffs on the pharmaceutical sector, targeting companies that do not agree to lower drug prices, with potential rates of 100% to 200%. Companies like Pfizer and Novartis have agreed to pricing deals. Additionally, 25% tariffs may be applied to finished products made from imported steel and aluminum, with commodity-grade products facing 50% tariffs. This could negatively impact small businesses and contribute to inflation, especially with rising oil prices." datetime: "2026-04-06T13:47:24.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/281767004.md) - [en](https://longbridge.com/en/news/281767004.md) - [zh-HK](https://longbridge.com/zh-HK/news/281767004.md) --- # Tariff Watch Warning on These Two Sectors The oil crisis amid the Iran conflict is occupying investor attention. But stock markets need to turn their attention back to tariffs. On April 2, Bloomberg reported that the Trump administration planned to hit the pharmaceutical sector with tariffs. Firms that did not agree to lower U.S. drug prices are subject to tariffs. Trump last threatened tariffs of 100% to 200%. Drug companies that agreed to a pricing deal included Pfizer (PFE), Sanofi (SNY), Novartis (NVS), Bristol-Myers Squibb (BMY), Eli Lilly (LLY), and Novo Nordisk (NVO). Investors might need to wait for the mid-term elections. The GOP might lose votes. If that happens, drug companies may set drug prices that align with their research and marketing costs. Watch out for the steel and aluminum sectors. The Trump administration might impose 25% tariffs on finished products made with those imported metals. Commodity-grade steel and aluminum products face 50% tariffs. The stocks that might face selling pressure include Nucor (NUE), Steel Dynamics (STLD), ArcelorMittal (MT), and Cleveland-Cliffs (CLF). Tariffs on those two metals will hurt small businesses the most. Firms of that size need to keep adjusting their operating model whenever tariff rates change frequently. Your Takeaway Tariffs will add to inflation. With oil prices going up, the two headwinds ahead will hurt consumers. ### Related Stocks - [ARKG.US](https://longbridge.com/en/quote/ARKG.US.md) - [IBB.US](https://longbridge.com/en/quote/IBB.US.md) - [IXJ.US](https://longbridge.com/en/quote/IXJ.US.md) - [XLV.US](https://longbridge.com/en/quote/XLV.US.md) - [PFE.US](https://longbridge.com/en/quote/PFE.US.md) - [IHE.US](https://longbridge.com/en/quote/IHE.US.md) - [512290.CN](https://longbridge.com/en/quote/512290.CN.md) - [588250.CN](https://longbridge.com/en/quote/588250.CN.md) - [LABD.US](https://longbridge.com/en/quote/LABD.US.md) - [562050.CN](https://longbridge.com/en/quote/562050.CN.md) - [159837.CN](https://longbridge.com/en/quote/159837.CN.md) - [516500.CN](https://longbridge.com/en/quote/516500.CN.md) - [510660.CN](https://longbridge.com/en/quote/510660.CN.md) - [516930.CN](https://longbridge.com/en/quote/516930.CN.md) - [TBXU.US](https://longbridge.com/en/quote/TBXU.US.md) - [NVS.US](https://longbridge.com/en/quote/NVS.US.md) - [IBBQ.US](https://longbridge.com/en/quote/IBBQ.US.md) - [512010.CN](https://longbridge.com/en/quote/512010.CN.md) - [BIB.US](https://longbridge.com/en/quote/BIB.US.md) - [588130.CN](https://longbridge.com/en/quote/588130.CN.md) - [BBH.US](https://longbridge.com/en/quote/BBH.US.md) - [LABU.US](https://longbridge.com/en/quote/LABU.US.md) - [VHT.US](https://longbridge.com/en/quote/VHT.US.md) - [PBE.US](https://longbridge.com/en/quote/PBE.US.md) - [159849.CN](https://longbridge.com/en/quote/159849.CN.md) - [603538.CN](https://longbridge.com/en/quote/603538.CN.md) - [SBIO.US](https://longbridge.com/en/quote/SBIO.US.md) - [159859.CN](https://longbridge.com/en/quote/159859.CN.md) - [XBI.US](https://longbridge.com/en/quote/XBI.US.md) - [FBT.US](https://longbridge.com/en/quote/FBT.US.md) ## Related News & Research - [Pfizer Advances Pivotal Pediatric Pneumococcal Vaccine Program Following Strong Positive Phase 2 Results | PFE Stock News](https://longbridge.com/en/news/287035698.md) - [Pfizer Inc. $PFE Shares Acquired by Marble Harbor Investment Counsel LLC](https://longbridge.com/en/news/287041763.md) - [Enanta Pharma's RSV Bet And Immunology Ambitions](https://longbridge.com/en/news/286895623.md) - [](https://longbridge.com/en/news/286807703.md) - [Corvus Pharmaceuticals presents Phase 1 soquelitinib data showing durable remissions, favorable safety](https://longbridge.com/en/news/286404245.md)