$10K Cancer Drugs? Trump’s Tariff On Pharma Sparks Panic

Oneindia

At an NRCC event, President Trump signaled plans to impose major tariffs on pharmaceutical imports—raising alarms across the industry. Previously spared after intense lobbying, pharma now faces a shakeup. With 80% of APIs and generics made overseas, experts warn of rising drug costs and potential shortages. China and India, key exporters to the U.S., could be sidelined—disrupting a $70–90B supply chain. Pharma stocks plunged 6% post-speech. While Trump pushes for U.S. self-reliance, rebuilding domestic capacity could take years, leaving American consumers to bear the immediate cost.    #TrumpTariffs #PharmaCrisis #DrugPrices #USPharma #APISupply #ChinaIndiaTrade #PharmaceuticalImports #TradeWar #TrumpSpeech #TariffImpact #DrugShortages #USHealthcare #GenericDrugs #CSPan #ElilLilly #JohnsonAndJohnson #SupplyChainCrisis #Trump2025 #HealthcareCosts #MedicinePriceHike #TariffShock #EconomicPolicy #FDA #BigPharma #RxCrisis #AmericanHealthcare #TariffNews #IndiaExports #ChinaExports #PharmaPolicy #BreakingNews  Also Read  Trump Mocks Countries Hit By US Tariffs: 'Kissing my A**, Dying To Make Deal' :: https://www.oneindia.com/international/trump-mocks-countries-hit-by-us-tariffs-kissing-my-a-dying-to-make-deal-4118993.html?ref=DMDesc  ‘The President Is Elon’s Nanny’: Viral Video Of President Donald Trump Walking With Musk’s Son Sparks Buzz :: https://www.oneindia.com/international/the-president-is-elon-s-nanny-viral-video-of-president-donald-trump-walking-with-musk-s-son-spark-4118929.html?ref=DMDesc  Trump Targets Pharma Imports In Fresh Tariff Drive, India Likely To Face Heat :: https://www.oneindia.com/international/trump-targets-pharma-imports-in-fresh-tariff-drive-india-likely-to-face-heat-4118887.html?ref=DMDesc    ~ED.194~HT.408~GR.344~

Transcript

00:00So we're going to be announcing very shortly a major tariff on pharmaceuticals and when you

00:06and when they hear that they will leave China they will leave other places. Drug companies

00:13listen to them but we're going to do something that we have to do we're going to put we're going

00:18to tariff our pharmaceuticals and once we do that they're going to come rushing back into our country

00:24because we're the big market. The advantage we have over everybody is that we're the big market

00:28so we're going to be announcing very shortly a major tariff on pharmaceuticals and when you

00:36and when they hear that they will leave China they will leave other places because they have to sell

00:42most of their product is sold here and they're going to be opening up their plants all over the

00:46place in our country we're going to be announcing that so that's breaking news ladies and gentlemen

00:51we have breaking news that's what's going to happen what other presidents allow china to get away with

00:57is absolutely criminal but i'm not like the other presidents and it's not going to happen under

01:03president trump

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