""Starting October 1st, 2025, we will be imposing a 100% Tariff on any branded or patented Pharmaceutical Product, unless a Company IS BUILDING their Pharmaceutical Manufacturing Plant in America, he wrote on Truth Social.""
""There's a lot of branded, generic drugs for example. That all seems to be smashed together in Trump's announcement. At this stage, we just don't know how it will play out," she told DW."
A 100% tariff on branded or patented pharmaceutical imports will take effect on October 1, 2025. Exemptions reportedly include generic drugs and companies that build or produce drugs in the United States. Pharmaceutical goods had previously been exempt from reciprocal tariffs while a national security probe examined potential tariffs on pharma. The distinction between branded and generic products and the criteria for qualifying as a US-based producer remain unclear. Observers note ambiguity in the announcement and uncertainty about how companies will respond or qualify for exemptions. The timing follows earlier threats to target pharmaceuticals with tariffs.
Read at www.dw.com
Unable to calculate read time
Collection
[
|
...
]