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commerce
shāng yè
商业
·HSK 4

Trump
Tèlǎngpǔ
特朗普
regarding
duì
对
patented
zhuānlì
专利
imported
jìnkǒu
进口
pharmaceutical drugs
yàopǐn
药品
to levy / to impose
zhēngshōu
征收
100 percent
100%
100%
tariff / customs duty
guānshuì
关税
。

United States
Měiguó
美国
president
zǒngtǒng
总统
Trump
Tèlǎngpǔ
特朗普
to sign
qiānshǔ
签署
executive order
xíngzhèng lìng
行政令
，
on / targeting
duì
对
imported
jìnkǒu
进口
patented
zhuānlì
专利
pharmaceutical drugs
yàopǐn
药品
to levy
zhēngshōu
征收
100 percent
100%
100%
tariff
guānshuì
关税
，
aimed at
zhǐzài
旨在
to promote
tuīdòng
推动
pharmaceutical
zhìyào
制药
companies
qǐyè
企业
to return production
huíliú
回流
United States
Měiguó
美国
。
generic drugs
fǎngzhì yào
仿制药
temporarily
zàn
暂
not subject to
bù shòu
不受
impact / effect
yǐngxiǎng
影响
，
new
xīn
新
tariff rate
shuìlǜ
税率
at the earliest
zuì zǎo
最早
will / is set to
jiāng yú
将于
120 days
yī èr líng tiān
120天
after / later
hòu
后
officially
zhèngshì
正式
to take effect
shēngxiào
生效
。

April 2, 2026 at 10:30 PM

United States
Měiguó
美国
president
zǒngtǒng
总统
Trump
Tèlǎngpǔ
特朗普
on (date marker)
yú
于
April 2
sì yuè èr rì
4月2日
to sign
qiānshǔ
签署
executive order
xíngzhèng lìng
行政令
，
on / targeting
duì
对
imported
jìnkǒu
进口
patented
zhuānlì
专利
pharmaceutical drugs
yàopǐn
药品
and
hé
和
related / associated
xiāngguān
相关
pharmaceutical ingredients
yàopǐn yuánliào
药品原料
to levy / to impose
zhēngshōu
征收
100 percent
100%
100%
(structural particle)
de
的
tariff / customs duty
guānshuì
关税
。
this round of
cǐcì
此次
tariff
guānshuì
关税
measure / policy measure
cuòshī
措施
aimed at
zhǐzài
旨在
to push / to promote
tuīdòng
推动
pharmaceutical
zhìyào
制药
companies / enterprises
qǐyè
企业
(future action marker)
jiāng
将
production line
shēngchǎn xiàn
生产线
to relocate back
qiān huí
迁回
United States
Měiguó
美国
，
in order to
yǐ
以
to reduce
jiǎnshǎo
减少
toward
duì
对
foreign
wàiguó
外国
supplier
gōngyìng shāng
供应商
(structural particle)
de
的
dependence / reliance
yīlài
依赖
。
generic drugs / generic pharmaceuticals
fǎngzhì yào
仿制药
currently / at present
mùqián
目前
temporarily / for now
zànshí
暂时
not within / not included in
bú zài
不在
this round of
cǐcì
此次
tariff
guānshuì
关税
scope / range
fànwéi
范围
within
zhī nèi
之内
。
regarding / for
duìyú
对于
large-scale
dàxíng
大型
companies
qǐyè
企业
，
new
xīn
新
tariff
guānshuì
关税
will
jiāng
将
after
zài
在
120 days
yī èr líng tiān
120天
after
hòu
后
officially
zhèngshì
正式
to take effect
shēngxiào
生效
；
small and medium enterprises
zhōngxiǎo qǐyè
中小企业
while / on the other hand
zé
则
have / are given
yǒu
有
180 days
yī bā líng tiān
180天
(structural particle)
de
的
transition period
guòdù qī
过渡期
。
if / should
ruò
若
companies / enterprises
qǐyè
企业
with
yǔ
与
United States
Měiguó
美国
Department of Health and Human Services
wèishēng bù
卫生部
to sign
qiānshǔ
签署
most favored nation
zuì huì guó
最惠国
pricing
dìngjià
定价
agreement
xiéyì
协议
，
and / also
bìng
并
to commit / to pledge
chéngnuò
承诺
in / within
zài
在
domestically
guónèi
国内
to build / to construct
jiànshè
建设
production
shēngchǎn
生产
facilities
shèshī
设施
，
can / may
kě
可
before
zài
在
2029
èr líng èr jiǔ nián
2029年
before
qián
前
to enjoy / to benefit from
xiǎngshòu
享受
zero tariff
líng guānshuì
零关税
policy
zhèngcè
政策
。
analysts
fēnxī rénshì
分析人士
to point out / to note
zhǐchū
指出
，
this round of
cǐcì
此次
tariff
guānshuì
关税
measure
cuòshī
措施
may / possibly
kěnéng
可能
to lead to / to cause
dǎozhì
导致
US / American
Měiguó
美国
consumers
xiāofèi zhě
消费者
to face
miànlín
面临
higher
gèng gāo
更高
(structural particle)
de
的
drugs / medicines
yàopǐn
药品
price
jiàgé
价格
。
global / worldwide
quánqiú
全球
pharmaceutical
zhìyào
制药
industry / sector
hángyè
行业
regarding this
duì cǐ
对此
reaction / response
fǎnyìng
反应
strong / intense
qiángliè
强烈
，
multiple / several
duō jiā
多家
large / major
dàxíng
大型
pharmaceutical companies
yào qǐ
药企
stated / expressed
biǎoshì
表示
will
jiāng
将
to assess / to evaluate
pínggū
评估
on / regarding
duì
对
supply chain
gōngyìng liàn
供应链
(structural particle)
de
的
potential
qiánzài
潜在
impact / influence
yǐngxiǎng
影响
。
Trump
Tèlǎngpǔ
特朗普
government / administration
zhèngfǔ
政府
stated / said
biǎoshì
表示
，
this move / this action
cǐ jǔ
此举
is
shì
是
to safeguard / to maintain
wéihù
维护
United States
Měiguó
美国
national security
guójiā ānquán
国家安全
and
hé
和
to strengthen / to reinforce
qiánghuà
强化
domestic / local
běntǔ
本土
supply chain
gōngyìng liàn
供应链
(structural particle)
de
的
important / key
zhòngyào
重要
step / measure
bùzhòu
步骤
。

New Words

Shìjiè Yínháng
世界银行
World Bank
jīngjì zēngzhǎng
经济增长
economic growth
tōnghuò péngzhàng
通货膨胀
inflation
dìyuán zhèngzhì
地缘政治
geopolitics
fāzhǎnzhōng guójiā
发展中国家
developing country
huòbì biǎnzhí
货币贬值
currency depreciation
jiégòu gǎigé
结构改革
structural reform

News in English

Business

Trump Imposes 100 Percent Tariffs on Patented Imported Drugs

Trump signs executive order imposing 100 percent tariffs on imported patented drugs, aiming to push pharmaceutical companies to return production to the United States. Generic drugs are not yet affected, and the new tariff rates will take effect no earlier than 120 days later.

The World Bank announced that global economic growth is expected to slow to 2.5 percent in 2026, down from 3.1 percent in 2025. Rising inflation and geopolitical tensions are cited as main risk factors.

The bank warned that developing countries face particular challenges with currency depreciation and capital outflows.

However, the bank expects growth to rebound to 3.2 percent in 2027 if inflation moderates.

Chief Economist Indermit Gill emphasized the importance of structural reforms to boost long-term productivity.

Policymakers worldwide are advised to balance inflation control with growth support measures.

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Momenta
Móméng tǎ
摩蒙塔
Hong Kong
Xiānggǎng
香港
listed
shàngshì
上市
fundraising
róngjī
融资
$752 million
7.52 yì měiyuán
7.52亿美元

Chinese Autonomous Driving Firm Momenta Debuts on Hong Kong Stock Exchange with 752 Million Fundraise

Samsung (South Korean electronics company)
Sānxīng
三星
、
SK Hynix (South Korean memory chipmaker)
SK Hǎilìshì
SK海力士
and / together with
yǔ
与
Micron (US semiconductor company)
Měiguāng
美光
to race to / to vie in
jìngxiāng
竞相
to expand / to increase
kuòdà
扩大
AI / artificial intelligence
AI
AI
memory (computing)
nèicún
内存
chip / semiconductor chip
xīnpiàn
芯片
production capacity
chǎnnéng
产能
。

Samsung, SK Hynix and Micron Race to Expand AI Memory Chip Capacity

China
Zhōngguó
中国
artificial intelligence
réngōng zhìnéng
人工智能
company
gōngsī
公司
MiniMax (Chinese AI company)
MiniMax
MiniMax
to complete
wánchéng
完成
$2 billion
èrshí yì měiyuán
二十亿美元
fundraising / financing
róngzī
融资
。

Chinese AI Firm MiniMax Raises 2 Billion Dollars in Hong Kong Share Sale

PepsiCo
Bǎishì Gōngsī
百事公司
earnings / performance
yèjī
业绩
lower than / below
dīyú
低于
expectation / forecast
yùqī
预期
，
the United States
Měiguó
美国
stock market
gǔshì
股市
slightly / marginally
xiǎofú
小幅
to rise / to increase
shàngzhǎng
上涨
。

PepsiCo Earnings Disappoint as US Stocks Edge Higher