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.

  • lostlittletimeonthis@lemmynsfw.com
    21·
    3 days ago

    There two sides to this, the insane one handled by Trump and the sane one from the project 2025 people. It’s like they explained the concept of bringing factories back to the US to Trump and then his little brain just understood tariffs because it puts him in a place of power. The sane side is devalue the dollar enough so you can build stuff in the US without major costs… obviously trump is handling it like a toddler with a hammer

    • cosmicrookie@lemmy.world
      1·
      2 days ago

      I still don’t get it even though you call it sane.

      To me it sounds like giving your money away to become poor, so that things become expensive to you, just so that you can buy expensive stuff