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dead [he/him]@hexbear.net to news@hexbear.netEnglish · 1 month ago

Trump to impose 100% tariff on pharmaceutical products starting October 1

www.cnbc.com

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  • news@lemmy.world
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Trump to impose 100% tariff on pharmaceutical products starting October 1

www.cnbc.com

dead [he/him]@hexbear.net to news@hexbear.netEnglish · 1 month ago
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  • news@lemmy.world
U.S. to impose 100% tariff on branded, patented drugs unless firms build plants locally, Trump says
www.cnbc.com
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The measure will not apply to companies building drug manufacturing plants in the U.S., Trump added.
  • LeeeroooyJeeenkiiins [none/use name]@hexbear.net
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    1 month ago

    Where’s it manufactured though

    • Sulvy [he/him, comrade/them]@hexbear.net
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      1 month ago

      Doesn’t matter, they are no longer patented or branded. Read the article.

      • Test_Tickles [any]@hexbear.net
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        1 month ago

        doesn’t it matter tho? if a generic medication is made outside of the US, it will be impacted by tariffs

        • Philosoraptor [he/him, comrade/them]@hexbear.net
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          1 month ago

          First sentence of the article:

          The U.S. will impose a 100% tariff on “all any branded or patented Pharmaceutical Product” entering the country from Oct. 1.

          • Test_Tickles [any]@hexbear.net
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            1 month ago

            Ah the sentence about generic drugs becoming unprofitable or going bust confused me

            She added that there are “a lot of generic drugs specifically that could potentially have to make decisions between being unprofitable and pulling from the market entirely.”

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