Generic drugmakers and hospital pharmacists warn that added financial pressure from tariffs could strain the nation's generic drug supplies.

China has announced a wide-ranging “special action plan” to promote domestic spending, in an effort to counter the economic impact of tariffs imposed by US President Donald Trump.

Beijing’s leaders are ordering fiscally strapped local governments to spend more to help workers, consumers and businesses.

President Trump said that both reciprocal and sectoral tariffs will take effect on April 2, alongside new duties on vehicles. He also reaffirmed that tariffs on U.S. steel and aluminum will move forward with no exemptions.