WASHINGTON —

President Donald Trump says a 100% tariff on some foreign-made pharmaceuticals will take effect on Oct. 1.

Many have raised concerns that import taxes on pharmaceuticals will raise prescription drug prices for Americans, but experts predict that the president's latest policy announcement will have a limited impact.

On social media Thursday, Trump said the new tariff will apply to "any branded or patented Pharmaceutical Product, unless a Company IS BUILDING their Pharmaceutical Manufacturing Plant in America." He said companies must be "'breaking ground” and/or “under construction.'" to qualify for the exemption.

"A lot of companies are moving into the US so they don't have to pay tariffs," Trump told reporters on Friday.

Dr. Mariana Socal, an associate professor at the J

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