US EditionTrump Plans to Implement More Tariffs Despite Rising Inflation
UNITED STATES, JUL 16 – President Trump plans to phase in pharmaceutical tariffs starting low then rising to 200% within a year to encourage reshoring amid national security concerns, officials said.
- On Jul 16, 2025, President Donald Trump said the administration might start imposing tariffs on pharmaceutical imports at the end of July, with a similar timeline for semiconductors.
- During a cabinet meeting earlier this month, President Donald Trump said pharmaceutical tariffs could grow as high as 200%, with the security justification under Section 232 of the Trade Expansion Act of 1962.
- Probably at the end of the month, President Donald Trump said, `we're going to start off with a low tariff and give pharmaceutical companies a year to build, then make it very high.`
- Facing higher prices, analysts warn tariffs fuel inflation, as consumer price index data released on Tuesday showed an increase.
- Reciprocal tariffs will take effect on August 1st, aligning import taxes, and President Donald Trump predicted he could finalize two or three trade deals before the deadline.
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Donald Trump threatens drug manufacturers with tariffs of 200 percent. Companies should move their production to the US. Is that realistic?
Pharma Imports Could Face Tariffs by End of the Month, Trump Says - The Thinking Conservative
US will institute tariffs on pharmaceutical imports “probably at the end of the month,” President Trump told reporters at Joint Base Andrews. The post Pharma Imports Could Face Tariffs by End of the Month, Trump Says appeared first on The Thinking Conservative.
Pharma Imports Could Face Tariffs by End of the Month, Trump Says
The United States will institute tariffs on pharmaceutical imports “probably at the end of the month,” President Donald Trump told reporters at Joint Base Andrews, in Maryland, on July 15. “We’re going to start off with a low tariff and give the pharmaceutical companies a year or so to build. And then, we’re going to make it a very high tariff,” Trump said. “Look, there’s two ways you do it. You make money and/or you have them move here so they …
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