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Trump Threatens 200% Tariffs on Pharmaceuticals
Cheddar News
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6 months ago
President Trump threatened to impose 200% tariffs on foreign-made pharmaceuticals, giving companies 12 to 18 months to shift production to the U.S..
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00:00
President Trump threatened to impose 200% tariffs on foreign-made pharmaceuticals,
00:05
giving companies 12 to 18 months to shift production to the U.S.
00:09
Despite the announcement, markets and investors largely dismissed the threat as political posturing,
00:15
citing major logistical and regulatory challenges to relocating drug manufacturing.
00:20
Countries like Australia and India, key pharmaceutical exporters to the U.S.,
00:25
warn the move could lead to higher drug prices, supply chain disruptions, and global health risks.
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