Swiss pharmaceutical giant Novartis AG said it would invest $23 billion in the US over the next five years to ensure its key drugs for Americans are made in the country, news that comes as President Donald Trump has promised to impose tariffs on global drugmakers.

Swiss drugmaker Novartis said on Thursday it plans to spend $23 billion to build and expand 10 facilities in the U.S., as it grapples with renewed threats of drug import duties from the Trump administration.

Ottawa says it has started a 25% tax on some vehicle imports from the US, retaliating against American measures.

Canada, our northern neighbor once perceived as too nice but also having a penchant for poutine, has decided to levy a 25 percent tariff on all cars made in the United States. This comes after the Trump administration announced a 25 percent tariff on goods imported from Maple Syrup Land,

Canada is imposing retaliatory tariffs in response to US levies. The new measures include tariffs on vehicles, the official website of the Canadian Ministry of Finance reports. Today, April 9, Canada introduced retaliatory tariffs on vehicles from the US in response to new trade restrictions imposed by the US government.