US EditionTrump says pharma, chips tariffs coming in ‘next week or so’
UNITED STATES, AUG 5 – Tariffs on imported pharmaceuticals will start small and rise to 250% in 18 months to pressure drugmakers to lower U.S. prices and boost domestic production, officials said.
- President Donald Trump announced plans to raise import tariffs on pharmaceuticals, potentially reaching 250% to boost U.S. manufacturing.
- Trump spoke with Swiss Confederation President Karin Keller-Sutter about tariffs despite a $41 billion trade surplus with the U.S.
- Trump stated that the tariffs will begin at a small rate and increase substantially over the next year to 250%.
- He claimed that he will be introducing small pharmaceutical tariffs soon, which are expected to increase significantly within 1.5 years.
189 Articles
189 Articles
Drug Tariffs Cure Nothing and Are a Tax Increase
President Donald Trump has made no secret of his desire for sweeping tariffs on pharmaceuticals. Last month, the president threatened tariffs as high as 200% on imported drugs. The trade deal with the European Union (EU) finalized July 27 includes a 15% levy on medicines imported from the continent. Drug tariffs of any kind are bad policy. They are nothing more than a tax increase on every American who relies on medicine to manage or recover fro…
Trump's new tariff threat roils markets, sparks inflation fears
The US president's proposed tariffs against China, India and the EU, announced August 5 on CNBC, could reignite inflation and disrupt global trade flows, while potentially constraining Federal Reserve policy options, according to expert analysis.
Trump Threatens 250% Tariff on Drug Imports to Boost U.S. Production - News Facts Network
Donald Trump said Tuesday he plans to impose tariffs of up to 250% on pharmaceutical... The post Trump Threatens 250% Tariff on Drug Imports to Boost U.S. Production appeared first on News Facts Network.
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