Tariffs on meds will make America sick - West Hawaii Today

Tariffs are coming for Gen Z

Hugo Herrera fo BIIf you're an American who buys things or sells things, you're going to take a financial hit from President Donald Trump's tariffs. The science of economics might be dismal, but it's good enough to tell you that when the government increases the price of imported goods by anywhere from 10% to 145%, someone has to pay — be they importer, buyer, manufacturer, seller, or consumer. That's just the way the Great Material Continuum wo…

Tariffs on meds will make America sick - West Hawaii Today

During the past few weeks, President Donald Trump’s on-again, off-again tariff wars have rattled the stock market, decimated many Americans’ retirement funds and promised to send grocery prices soaring — and his administration hasn’t even gotten to critical pharmaceutical tariffs yet. But that will likely be the next shoe to drop.

The US president is threatening to tax European health products. The pharmaceutical industry, one of the most profitable in the world, believes that treatments are not paid for at their fair value.