Trump announced tariff on Pharma. (Photo source: AP/PTI) Show Quick Read Summary is AI Generated. Newsroom Reviewed

US President Donald Trump announced on Friday that he will impose a 100% import tax on pharmaceutical drugs unless the company has manufacturing capacity in the United States.

In a post on Truth Social, Trump said that, "Starting October 1st, 2025, we will be imposing a 100% Tariff on any branded or patented Pharmaceutical Product, unless a Company IS BUILDING their Pharmaceutical Manufacturing Plant in America."

He clarified that building a manufacturing plant would mean "breaking ground" and/or "under construction." He further added that there will, therefore, be "no Tariff on these Pharmaceutical Products if construction has started."

The US President has long bee

See Full Page