U.S. President Donald Trump talks to members of the property astatine Lehigh Valley International Airport successful Allentown, Pennsylvania, U.S., August 3, 2025.
Ken Cedeno | Reuters
President Donald Trump told CNBC's "Squawk Box" connected Tuesday that planned tariffs connected pharmaceuticals imported into the U.S. could yet scope up to 250%, the highest complaint helium has threatened truthful far.
He said helium volition initially enforce a "small tariff" connected pharmaceuticals, but past successful a twelvemonth to a twelvemonth and a fractional "maximum," helium volition rise that complaint to 150% and past 250%.
The president has repeatedly threatened and past changed people connected tariff proposals, truthful there's nary warrant helium volition yet acceptable pharmaceutical tariffs astatine the 250% rate. In aboriginal July, Trump had threatened 200% tariffs connected pharmaceuticals.
The Trump medication successful April initiated a alleged Section 232 investigation connected pharmaceutical products. That's a ineligible authorization that allows the caput of Commerce to analyse the interaction of imports connected nationalist security.
Those planned levies would woody a stroke to the pharmaceutical industry, which has warned that the tariffs could thrust up costs, deter investments successful the U.S. and disrupt the cause proviso chain, putting patients astatine risk. Drugmakers are already navigating the fallout from Trump's cause pricing policies, which they reason endanger some their bottommost lines and their capableness to put successful probe and development.
That includes Trump's enforcement bid successful May that revives a arguable plan, the "most favored nation" policy, that aims to slash cause costs by tying the prices of immoderate medicines successful the U.S. to the importantly little ones abroad.
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