Pharmacist Warns Against Tariffs
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additional tariffsKFF Health News
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Pharmacist fears drug tariffs will drive companies out of business, raise prices
76% Informative
President Donald Trump has threatened to impose 10% across-the-board tariffs on imported goods.
Pharmacist Benjamin Jolley worries that costs will soar for the medications that will fill those bottles.
Industry officials caution that steep tariffs on raw materials and finished pharmaceuticals could make drugs more expensive.
The U.S. imported $213 billion worth of medicines in 2024 .
Many drug companies are using Trump ’s tariff saber-rattling as leverage.
Many of the active ingredients in American drugs are imported.
But no amount of tariffs will compel makers of generic drugs to build new factories in the U.S. , an expert says.
The industry is using tariffs as leverage; 32 drug companies demanded European governments pay them more.
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