US EditionThe Myth of All-American Drugs and What Trump’s Tariffs Miss About Pharma Supply Chains
UNITED STATES, JUL 22 – Trump claims trade restrictions will compel pharmaceutical firms to cut U.S. drug prices linked to the lowest international rates under his most favored nation policy.
- During a White House event on Tuesday, Trump announced the 'most favored nation' policy and warned of trade measures if companies and countries refuse to comply.
- Driven by steep drug expenses in the U.S., the May executive order prompted a 30-day deadline for drugmakers to lower prices or face new payment caps, the May order.
- Following the outlandish percentages, social media users ridiculed the plan as mathematically impossible.
- Industry leaders told EU Commission President Ursula von der Leyen that around 30 CEOs warned of a £100 billion investment loss without regulatory changes, with pharmaceutical companies cautioning tariffs could jeopardize European investment.
- Then Health and Human Services Secretary Robert F. Kennedy Jr. must develop rules tying U.S. drug payments to lower foreign prices if deals fail, and Trump said `we reserve our right to use regulatory authority to ensure change endures.
19 Articles
19 Articles
The Myth of All-American Drugs and What Trump’s Tariffs Miss About Pharma Supply Chains
Pharmaceutical tariffs are coming, part of President Trump’s stated goal of bringing drug manufacturing back to the U.S. Untangling the sprawling, global supply chain will be complicated and expensive, and could inadvertently compete with other administration goals regarding drug pricing and availability. The post The Myth of All-American Drugs and What Trump’s Tariffs Miss About Pharma Supply Chains appeared first on MedCity News.
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Dr. Oz and FDA chief tout industry doing MAHA’s bidding
The Trump administration‘s “Make America Healthy Again” goals depend on negotiations with food and healthcare industry leaders rather than regulation, the heads of the Food and Drug Administration and the Centers for Medicare & Medicaid Services said Wednesday. In an op-ed for the Wall Street Journal, Dr. Mehmet Oz, CMS administrator, and Dr. Marty Makary, FDA commissioner, touted their recent success in getting industry leaders to voluntarily c…
Trump Claims He’ll Slash Drug Prices By 1400%
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