Source: The Hill
“President Trump on Tuesday threatened to impose tariffs of up to 250 percent on pharmaceutical imports, the highest rate he’s discussed to date. ‘We’ll be putting a, initially small tariff on pharmaceuticals,’ Trump told CNBC’s ‘Squawk Box.’ ‘But in one year, one in a half years maximum, it’s going to go to 150 percent, and then it’s going to go to 250 percent, because we want pharmaceuticals made in our country,’ Trump said. … Drug companies have said the industry is bracing for chaos in case Trump follows through on his threats. Tariffs would disrupt international supply chains, forcing companies to decide whether to pass on increased costs to patients and exacerbate existing drug shortages.” (08/05/25)
https://thehill.com/homenews/administration/5436846-drug-import-tariffs-trump/