The White House has delayed plans to impose a 100% tariff on certain imported brand-name and patented drugs. The tariffs were expected to start on Wednesday, but officials say the plan is still being reviewed.
Why Were the Tariffs Proposed?
Last week, US President Trump threatened the tariffs to push pharmaceutical companies to build manufacturing plants in the US. The goal was to encourage domestic production and reduce dependence on foreign suppliers. The Commerce Department is reportedly still evaluating drugmakers’ proposals to reshore manufacturing and lower prices.
Not Cancelled, Just Postponed
Officials clarified that the tariffs will not start on the originally scheduled date but said that the plan is not off the table. They are still under consideration and could be implem