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Britain would face 100% tariff on pharmaceuticals under latest Trump plan: Reuters

President Donald Trump says a 100% tariff on some foreign-made pharmaceuticals will take effect on Oct. 1, but the tariff will not apply to generic drugs.
Many of the brand-name medications used by Americans are made in European countries, and those products will be subject to a lower, 15% tariff rate per the recent trade deal with the EU.
On social media, Trump said the new 100% tariff will apply to "any branded or patented Pharmaceutical Product, unless a Company IS BUILDING their Pharmaceutical Manufacturing Plant in America.

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81 Articles

Greeneville Publishing Company

+6 Reposted by 6 other sources

Lean Left

Trump's limited drug tariffs might not bring back U.S. manufacturing

(The Center Square) – President Donald Trump's 100% tariffs on imported medicines include a carveout for generic drugs, which could limit the move's effectiveness.

3 days ago

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NationofChange

Left

Trump’s pharma tariffs set to hit branded drugs as exemptions widen the escape hatch

Analysts warn of price risks even as generics, U.S. facilities, and European caps could blunt the impact.

4 days ago

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Indy Star

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USA Today

Center

Trump places 100% tariff on drugs. What this means for Eli Lilly

Despite importing popular drugs like Zepbound and Mounjaro, Eli Lilly is exempt from Trump's tariffs on Big Pharma for now.

4 days ago·Indianapolis, United States

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Daily Kos

Left

Trump promises to cut drug prices by 1,500%—then doubles them instead

I swear, the most talented writer in Hollywood couldn’t come up with this script. Start with President Donald Trump making the mathematically impossible promise to cut prices by 1,000%.� “We ...

6 days ago·United States

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Reuters

+3 Reposted by 3 other sources

Center

Britain would face 100% tariff on pharmaceuticals under latest Trump plan, sources say

6 days ago·United Kingdom

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The West Australian

+2 Reposted by 2 other sources

Lean Right

Fallout of Trump’s snap tariffs revealed

Pharmaceutical imports will be slugged with huge 100 per cent tariffs, following Donald Trump’s latest announcement. Here’s what it means for Australia.

6 days ago·Australia

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