Donald Trump announced Thursday that brand-name or patented pharmaceutical products will be subject to a 100% tariff starting October 1 – unless the drugmaker is building a manufacturing plant in the US.
Trump has been promising for months to levy tariffs on pharmaceutical imports, which avoided tariffs during his first term. The president sees tariffs as a way to pressure drug manufacturers to ramp up production in the US and to strengthen the supply chain for essential medicines.
Also, Trump has pointed to tariffs as a way to fulfill his vow to lower drug costs, though experts say that is unlikely to happen.
How does he expect to attract any foreign companies to set up shop in the US after the Hyundai event?
How the fuck did he manage to make american healthcare worse and more expensive? Genuinely did not think that was possible since we started replacing md’s with llm’s.
How would increasing tarrifs on “foreign” drugs possibly reduce costs locally?
You know what did lower drug prices? When the government negotiated with drug companies directly for Medicare.
Who needs Death Panels when we’ve got Trump and the GQP?
Insurance companies have always been death panels
Lucky for me I can’t afford the drugs anyway if I were to get sick. You can’t squeeze more blood from a stone.
