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.
Everyone assumes that this is just a ham-fisted attempt to bring manufacturing back to the USA. What if the goal is really just to collect more money for the government to help cover such gross ineficiencies as the tax cuts for the ultra wealthy? In other words, it’s in effect a massive tax increase on the rest of us. After all, a tariff is nothing more than a tax levied on your own citizens.
Just what we need, more expensive drugs!
Once again, Trump demonstrating that he doesn’t know how tariffs actually work
Pharmaceutical plants take several years to build, and a shit ton of money, especially since the equipment is all made in Europe and China, not that Republicans care.
And good luck making drugs with a labor force that can’t do simple math even with university degrees.
Hollywood gaining 10kg per capita in a month. Welcome back Jonah…
This is going to kill a lot of people.
guess Tylenol gets a pass?
Well I guess I didn’t need to eat as much anyways.
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.
The markups on drugs are so big that they could potentially just eat that. They won’t, of course, but they could.
It’s going to double everyone’s Healthcare insurance.
Are ya winning yet?
“Make America Healthy Again” by lowering drug supply and raising prices.
Once again I need to quote this unknown journalist from 2017:
“They voted for the elephant in the china shop. Little did they realize that they were the china.”
If the Hyundai incident taught international companies one lesson, it’s not to invest in a production facility in the US.
Are Americans ready for even more expensive healthcare? I doubt it.
Some of us need prescription meds (that are already expensive) from places like Germany, so this gives these particular people the choice of being treated medically or being housed, which I argue neither is a healthy option because we are weighing two physiological needs against one another.
I’m very sorry to hear that. Despite current trends, I hope everything works out for you well in the end.
What do you mean? Trump said drug prices are down 1500% /s obviosuly
Relative to the dream he had last night after browsing the aisles of the federal evidence locker, which I assume is the thing where he gets his cocaine from…
You just take a left at the McKinley Hooker tunnels.
Um… hash-dash–tag–free–Luigi?
#It’suhmeMARIO!
Just for the record here, I’m not advocating, political violence specifically just generally.
Does that include Israel?
