KEY POINTS
The U.S. will impose a 100% tariff on “all any branded or patented Pharmaceutical Product” entering the country from Oct. 1.
The measure will not apply to companies building drug manufacturing plants in the U.S., Trump added.
He said that the exemption covers projects where construction has started, including sites that have broken ground or are under construction.
Right, because a week’s notice is entirely sufficient for companies to build up manufacturing capacity for highly regulated pharmaceuticals.
No worries. Guess who can cut through all that red tape quickly.
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If the Hyundai incident taught international companies one lesson, it’s not to invest in a production facility in the US.
No one is investing in a dying kakistocracy. It’s a money losing venture. Investors are getting stomped on.
Did you mean tick-tock-ocracy?
Genius idea. They will never touch the manufacturing facilities unlike Hyundai’s. /s
Once again, Trump demonstrating that he doesn’t know how tariffs actually work
This is going to kill a lot of people.
Pharmaceutical plants take several years to build, and a shit ton of money, especially since the equipment is all made in Europe and China, not that Republicans care.
And good luck making drugs with a labor force that can’t do simple math even with university degrees.
More American suffering for a felon rapist child fucker.
Does that include Israel?
The markups on drugs are so big that they could potentially just eat that. They won’t, of course, but they could.
It’s going to double everyone’s Healthcare insurance.
Everyone assumes that this is just a ham-fisted attempt to bring manufacturing back to the USA. What if the goal is really just to collect more money for the government to help cover such gross ineficiencies as the tax cuts for the ultra wealthy? In other words, it’s in effect a massive tax increase on the rest of us. After all, a tariff is nothing more than a tax levied on your own citizens.
Everyone assumes that this is just a ham-fisted attempt to bring manufacturing back to the USA. What if the goal is really just to collect more money for the government to help cover such gross ineficiencies as the tax cuts for the ultra wealthy?
Ummm…no. The goal is that these companies pay Trump big money in “donations” and in return, he exempts them.
Trump isn’t in it for anything except his own pockets. He doesn’t give a shit about the country. He doesn’t even give a shit about project 2025.
He literally wanted to be president again to avoid going to jail, and when the Heritage foundation approached him and said “we’ll get you reelected and in exchange you make our guy Vance your vice-president and let us have carte blanche to enact this big binder full of christian nationalist policies.” He said “You’ve got a deal” because he doesn’t give a shit. He’s making bank while letting people smarter than him tell him what to say.
Still not understanding how tariffs work, eh
Imo this is 100% market manipulation. First Tylenol and then this right afterwards? He’ll go back on this in a week or two and his friends will have made billions.
Are ya winning yet?
Well I guess I didn’t need to eat as much anyways.
Just what we need, more expensive drugs!
