Tariffs have been a defining feature of US trade policy under President Donald Trump’s second administration. Since Trump unveiled his “reciprocal” tariff policy in April 2025, the landscape has shifted repeatedly.In February 2026, the US Supreme Court invalidated tariffs imposed…
REGULATORY
Honebuto Draft Equivocal on Off-Year Price Cuts, but Focuses on FY2025 Revision
The Japanese government unveiled a draft version of this year’s Basic Policy on Economic and Fiscal Management and Reform (honebuto) on June 11. The initial text contained equivocal wording on off-year drug price reductions, but it only mentions the FY2025…
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