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Trump threatens to impose up to 200% tariff on pharmaceuticals ‘very soon’

UNITED STATES, JUL 8 – Tariffs of up to 200% aim to reduce US reliance on foreign drug production with a one-year grace period for manufacturers to relocate, officials said.

  • U.S. President Donald Trump revived his threat on Tuesday to impose tariffs on pharmaceutical imports reaching 200%.
  • This follows an April investigation into pharmaceutical imports aimed at addressing national security concerns over foreign drug dependence.
  • Trump said companies will have about a year to a year and a half to relocate manufacturing to the U.S. before tariffs apply at 200%.
  • Trump stated, “we're the big market,” and expects overseas companies to return as tariffs encourage domestic production.
  • The tariffs could reshape the pharmaceutical supply chain but drew criticism from PhRMA, which called them counterproductive and warned of higher drug costs.
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Donald Trump threatens to tax 200% of drugs if their production is not relocated within a year. ...

·Brussels, Belgium
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The Telegraph broke the news in London, United Kingdom on Tuesday, July 8, 2025.
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