Trump’s Pharmaceutical Tariffs Could Drive Up Costs, Lead to Drug Shortages
Mary Kekatos

At a political fundraising dinner on Tuesday night, President Donald Trump said he plans to announce tariffs on pharmaceuticals soon.

“We’re going to tariff our pharmaceuticals, and once we do that, they come rushing back into our country, because we’re the big market,” Trump said at the National Republican Congressional Committee dinner in Washington, D.C. 

“And when they hear that, they will leave China, they will leave other places, because … most of their product is sold here, and they’re going to be opening up their plants all over the place in our country — we’re going to be announcing that,” he continued.

Although Trump recently implemented a 90-day pause on some tariffs , he said Wednesday he’s still serious about putting tariffs on pharmaceuticals to boost U.S. drug manufacturing.

 

 

@ABC Health & Science Reporter | formerly @DailyMail | Columbia Journalism School '16 | Opinions mine | DMs open abcnews.go.com/author/Mary_Kekatos

 

federalobserver.com