Trump says US will soon announce tariffs on pharmaceutical imports

Key Points

  • President Trump announced a forthcoming "major" tariff on pharmaceutical imports.
  • The tariff aims to encourage drug companies to relocate their operations to the U.S.

Summary

President Donald Trump announced during an event at the National Republican Congressional Committee that the U.S. will soon impose a significant tariff on pharmaceutical imports. This policy is intended to motivate pharmaceutical companies to shift their manufacturing operations to the United States. The announcement was made to address the ongoing concerns about the reliance on foreign drug production and to bolster domestic manufacturing capabilities in the pharmaceutical sector. This move could potentially reshape the global pharmaceutical supply chain and impact the pricing and availability of drugs in the U.S. market.

yahoo
April 9, 2025
Stocks
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