The measure will not apply to companies building drug manufacturing plants in the U.S., Trump added.

KEY POINTS

The U.S. will impose a 100% tariff on “all any branded or patented Pharmaceutical Product” entering the country from Oct. 1.

The measure will not apply to companies building drug manufacturing plants in the U.S., Trump added.

He said that the exemption covers projects where construction has started, including sites that have broken ground or are under construction.

  • Cassanderer@thelemmy.club
    9·
    2 days ago

    We are paying 10,000% more for the same drugs than anywhere else. The amount of that that went into manufacturing that we would recover by producing them locally might cover 10% of that 10,000%.

    They said they were going to bully the drug industry into not overcharging so much just this summer as well, I guess they bitched out after taking a payoff from the drug industry.