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Pharma industry lobbies Trump for phased tariffs, Reuters reports

  • Drugmakers are lobbying U.S. President Donald Trump for phased tariffs on imported pharmaceuticals to lessen financial impacts and allow time for manufacturing adjustments, according to sources familiar with the discussions.
  • Trump is expected to unveil a tariff plan and has threatened a 25% tariff on imported medical products, but specifics are not expected to be announced.
  • PhRMA stated that establishing a new U.S. Production facility could take 5 to 10 years and cost around $2 billion due to regulatory requirements, advocating for a gradual tariff increase.
  • Industry representatives assert that new tariffs might lead to drug shortages and hinder patient access, as some medicines rely on foreign production.
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CDR – Chain Drug Review broke the news in on Tuesday, April 1, 2025.
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