The Crudity of the Obsessive-Compulsive Left
What Confuses MSNBC More: The Motivation of a Shooter, or Trump's Motivation for...
JK Rowling Is Right to Reject Emma Watson's Trans Olive Branch
No, Senator Van Hollen: Stations Choosing Not To Air Kimmel Isn’t Censorship
The Evangelistic Impact of Two Great Losses
The Folly of 'Palestinian' Statehood
When Would You Drop a Nuclear Bomb?
Democratic Party Isolation Is Getting Worse
The CCP at the Checkout Aisle: Why America Must Wake Up to the...
Texas Confronts Death-by-Mail With Innovative New Law
To End Polarization, Defeat the Totalitarian Left
We Arrive at My Fear
Putin Between the Ruins of the Soviet Union and the Dying Russian Federation
Ben Carson Joins USDA as Health Advisor
Trump’s HHS Overhauls Welfare Program with Focus on Accountability
Tipsheet

Trump Threatens to Impose Pharma Tariffs of Up to 250 Percent

AP Photo/Mark Schiefelbein

On Tuesday, President Donald Trump threatened to impose tariffs on pharmaceuticals imported into the U.S. that could eventually reach up to 250 percent. 

This would be the highest rate the president has threatened so far. 

Advertisement

Trump made the remarks on CNBC’s "Squawk Box.” He stated that he would start by imposing a “small tariff” on pharmaceuticals but will raise it to 150 percent and 250 percent by a year-and-a-half “maximum.”  

“We want pharmaceuticals made in our country,” Trump told CNBC.

Earlier in the conversation, Trump stated that he believes that pharmaceuticals, among other things, are separate from the sweeping tariffs he imposes on goods coming from other countries.

The pharmaceuticals tariffs are to be expected in the next week or so, the president said. 

According to Reuters, the United States has been conducting a national security review of the pharmaceutical sector. Due to this, the industry has reportedly been preparing for sector-specific tariffs.

Advertisement

One drugmaker, AstraZeneca, recently committed $50 billion to expand its American operations by 2030.

“This investment is expected to create tens of thousands of new, highly skilled direct and indirect jobs across the country powering growth and delivering next generation medicines for patients in America and worldwide,” a statement from the company said. “The drug substance facility, planned to be in the Commonwealth of Virginia, would be AstraZeneca’s largest single manufacturing investment in the world.”

Editor's Note: President Trump is leading America into the "Golden Age" as Democrats try desperately to stop it.  

Help us continue to report on President Trump's successes. Join Townhall VIP and use promo code FIGHT to get 60% off your membership.

Join the conversation as a VIP Member

Recommended

Trending on Townhall Videos

Advertisement
Advertisement
Advertisement