1 week ago
Last Updated:April 09, 2025, 07:35 IST
Donald Trump said the move is intended to reduce American dependence on foreign drug supplies and revitalise domestic pharmaceutical production.
Donald Trump imposed reciprocal tariffs on several countries (Reuters Image)
US President Donald Trump said that his administration would soon announce a “major" tariff on pharmaceutical imports. The levies will be aimed at encouraging drug manufacturers to shift operations back to the US, he said at an event hosted by the Republican Congressional Committee.
Donald Trump said the move is intended to reduce American dependence on foreign drug supplies and revitalise domestic pharmaceutical production. He said, “We’re going to be doing something very big on drug imports — a major tariff is coming."
🚨BREAKING: President Trump announces MASSIVE tariffs are coming VERY shortly on pharmaceuticals.THIS is what I voted for:
“We’re gonna tariff our pharmaceuticals … we’re going to be announcing very shortly a major tariff on pharmaceuticals."pic.twitter.com/7prfZCE4Ik
— Benny Johnson (@bennyjohnson) April 9, 2025
Without providing specific details on the scale and the timeline of the proposed pharmaceutical tariffs, the US President said, “We want these companies to make their products here, in America, not in China or elsewhere."
Location :Washington D.C., United States of America (USA)
First Published:April 09, 2025, 07:24 IST
News world Donald Trump Announces Plan For ‘Major’ Tariff On Pharma Imports: ‘Something Big Is Coming’
