US President Donald Trump has announced plans to impose tariffs of up to 250% on pharmaceuticals imported into the country. He stated that this move aims to encourage domestic production and lower prices for US consumers.
Trump initially plans to introduce a smaller tariff on pharmaceutical imports, which will increase over time to its maximum amount. The president cited other countries’ profit margins from pharmaceutical exports, particularly from China and Ireland.
The move is part of Trump’s ongoing efforts to address high drug prices in the US. In recent months, he has threatened trade actions against the pharmaceutical industry and urged companies to lower prices by September 29.
Source: https://eu.usatoday.com/story/money/2025/08/05/trump-drug-pharmaceutical-tariffs/85524821007