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#PharmaTariff #TradeShock #DrugAccessCrisis #GlobalHealthRisk
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3 months ago
#pharmatariff
#tradeshock
#drugaccesscrisis
#globalhealthrisk
#PharmaTariff #TradeShock #DrugAccessCrisis #GlobalHealthRisk
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00:00
Breaking news and it's a big one. Donald Trump just announced a 100% tariff on imported branded
00:06
pharmaceuticals on imported patented pharmaceuticals kicking in October ferns. There's one carve out
00:13
if a company is actively building a drug manufacturing plant in the US, they're spared.
00:18
This isn't out of nowhere. He's been teasing tariffs for months to push drug makers to bring
00:23
production home and secure the medicine supply chain. Eli Lilly just committed billions, Texas,
00:28
Virginia. But the shockwave hit immediately. Japan's Topics Pharma downed South Korean
00:32
giants red. Hong Kong names like Whoopsy Biologics leading losses. Markets are reading this as a
00:37
global restructuring moment. 100% is actually lower than what Trump floated, up to 250% within a year
00:45
or so. So today's move could be the starter. Industry response, PHRMA is sounding alarms.
00:51
Medicines were usually exempt from tariffs to avoid shortages and cost spikes. Their meth says even
00:56
a 25% tariff could add roughly $51 billion a year to US drug costs. At 100% experts warn it could be
01:04
disastrous for patients if costs get passed on and supply can't shift quickly. This also isn't a
01:09
one-off. Tariffs on cabinets, furniture, big trucks. The message is clear. Rebuild at home or pay. Why it
01:19
matters beyond the US. Access to foreign-made drugs could tighten exporters from Europe, exporters from India,
01:25
exporters from Australia. Supply chains may rewire inland but that takes years. And medicines aren't iPhones.
01:31
What I'm watching next, do companies accelerate US factory timelines to dodge the tariff? Do prices jump
01:37
at the pharmacy counter or do insurers and PBMs absorb some of it? Does the administration actually escalate
01:43
towards 150% or 250% and do allies push back, risking a pharma trade rift?
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