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Trump Says Drug Tariffs Probable by Aug.
1, Downplays More Deals

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Posted By: sunset, 7/17/2025 4:19:17 AM

President Donald Trump said he was likely to impose tariffs on pharmaceuticals as soon as the end of the month and that levies on semiconductors could come soon as well, suggesting that those import taxes could hit alongside broad “reciprocal” rates set for implementation on Aug. 1. “Probably at the end of the month, and 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 he (snip) expected pharmaceutical tariffs to grow as high as 200% after giving companies a year to bring manufacturing back...

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May 12th, 2025, President Trump issued Executive Order titled "Delivering Most-Favored-Nation Prescription Drug Pricing to American Patients". That order prevents the globalist drug manufacturers from charging American consumers more for drugs than the lowest price they charge anywhere else in the world. So, initially he cut off every pharmaceutical company's opportunity to gouge Americans through unbalanced prescription drug prices. Now he is persuading those manufactures to relocate factories to the U.S. and avoid tariffs that would be paid from drug company profits since companies must keep their drug prices no higher than most-favored-nation pricing.

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Reply 1 - Posted by: Strike3 7/17/2025 7:06:07 AM (No. 1978575)
Do something about the flood of ads. The names of the weekly batch of new drugs sound like a foreign language. Anybody who can annoy us with sixty-second commercials featuring a fifty-person troupe of obese dancers on a daily basis is making way too much money.
4 people like this.

Reply 2 - Posted by: Catherine 7/17/2025 7:37:00 AM (No. 1978588)
I don't know what pharmaceutical companies are paying for those ads but they're wasting money. Nine times out of ten, I have no idea what the drug is for.
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Reply 3 - Posted by: Geoman 7/17/2025 4:02:18 PM (No. 1978857)
Re: #1 - I tend to agree with you but doesn't it matter that the troupes of obese dancers are lowering their A1C?
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