Donald Trump has threatened to introduce tariffs of up to 200pc on pharmaceutical imports in a bid to force more drugmakers to bring factories to the US.

Donald Trump has threatened to introduce tariffs of up to 200pc on pharmaceutical imports in a bid to force more drugmakers to bring factories to the US.

On Tuesday, the US President said “very, very high” duties could be imposed on medicines imported into the US but that he was considering giving pharmaceutical groups one year “to get their act together.”

Economists have warned that higher tariffs on drugs would also hurt American patients, and that taxpayers would end up having to pay more for US government healthcare schemes.

  • Lee Duna@lemmy.nzOPEnglish
    8·
    2 days ago

    Is this one of those things where I go and check where most American drugs are made and it’s already the us?

    Just by looking at the value of drug imports to the US, most likely

    Britain exports £8.8bn of pharmaceutical products to the United States and is home to some of the world’s largest drug companies including GSK and AstraZeneca.

    Mr Trump’s drug tariffs would be especially punitive for Ireland, which is responsible for 28pc of America’s imported drugs.

    The country, which exports $66bn worth of pharmaceuticals, has 30,000 people currently employed in plants by US drug companies.

    • NABDad@lemmy.worldEnglish
      3·
      2 days ago

      Mr Trump’s drug tariffs would be especially punitive for Ireland

      Nowhere close to how punitive it would be for the U.S.