KEY POINTS
The U.S. will impose a 100% tariff on “all any branded or patented Pharmaceutical Product” entering the country from Oct. 1.
The measure will not apply to companies building drug manufacturing plants in the U.S., Trump added.
He said that the exemption covers projects where construction has started, including sites that have broken ground or are under construction.
Are Americans ready for even more expensive healthcare? I doubt it.
What do you mean? Trump said drug prices are down 1500% /s obviosuly
Relative to the dream he had last night after browsing the aisles of the federal evidence locker, which I assume is the thing where he gets his cocaine from…
You just take a left at the McKinley Hooker tunnels.
Some of us need prescription meds (that are already expensive) from places like Germany, so this gives these particular people the choice of being treated medically or being housed, which I argue neither is a healthy option because we are weighing two physiological needs against one another.
I’m very sorry to hear that. Despite current trends, I hope everything works out for you well in the end.
Um… hash-dash–tag–free–Luigi?
#It’suhmeMARIO!
Just for the record here, I’m not advocating, political violence specifically just generally.
If the Hyundai incident taught international companies one lesson, it’s not to invest in a production facility in the US.
Right, because a week’s notice is entirely sufficient for companies to build up manufacturing capacity for highly regulated pharmaceuticals.
No worries. Guess who can cut through all that red tape quickly.
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With Trump’s level of regulation, the lead time is about as long as setting up a meth cook.
“Make America Healthy Again” by lowering drug supply and raising prices.
Once again I need to quote this unknown journalist from 2017:
“They voted for the elephant in the china shop. Little did they realize that they were the china.”
More American suffering for a felon rapist child fucker.
Once again, Trump demonstrating that he doesn’t know how tariffs actually work
No one is investing in a dying kakistocracy. It’s a money losing venture. Investors are getting stomped on.
Exactly this. Fuck the tariffs; it’s just plane stupid to expand into the land of flavor-of-the-month winners and losers. There’s better ways of making money.
Did you mean tick-tock-ocracy?
Pharmaceutical plants take several years to build, and a shit ton of money, especially since the equipment is all made in Europe and China, not that Republicans care.
And good luck making drugs with a labor force that can’t do simple math even with university degrees.
Genius idea. They will never touch the manufacturing facilities unlike Hyundai’s. /s
Everyone assumes that this is just a ham-fisted attempt to bring manufacturing back to the USA. What if the goal is really just to collect more money for the government to help cover such gross ineficiencies as the tax cuts for the ultra wealthy? In other words, it’s in effect a massive tax increase on the rest of us. After all, a tariff is nothing more than a tax levied on your own citizens.
Everyone assumes that this is just a ham-fisted attempt to bring manufacturing back to the USA. What if the goal is really just to collect more money for the government to help cover such gross ineficiencies as the tax cuts for the ultra wealthy?
Ummm…no. The goal is that these companies pay Trump big money in “donations” and in return, he exempts them.
Trump isn’t in it for anything except his own pockets. He doesn’t give a shit about the country. He doesn’t even give a shit about project 2025.
He literally wanted to be president again to avoid going to jail, and when the Heritage foundation approached him and said “we’ll get you reelected and in exchange you make our guy Vance your vice-president and let us have carte blanche to enact this big binder full of christian nationalist policies.” He said “You’ve got a deal” because he doesn’t give a shit. He’s making bank while letting people smarter than him tell him what to say.
This is going to kill a lot of people.
Still not understanding how tariffs work, eh
Imo this is 100% market manipulation. First Tylenol and then this right afterwards? He’ll go back on this in a week or two and his friends will have made billions.
We are paying 10,000% more for the same drugs than anywhere else. The amount of that that went into manufacturing that we would recover by producing them locally might cover 10% of that 10,000%.
They said they were going to bully the drug industry into not overcharging so much just this summer as well, I guess they bitched out after taking a payoff from the drug industry.
While I do think more drugs should be manufactured locally, this is just idiotic.
Well, I guess it’s not idiotic if he’s trying to prevent poor people from getting medication.
Manufacturing can happen anywhere. That’s not where the money is. The money is in parents and research.
The only reason you want the factories in shore is of you’re worried about trade routes staying open. I don’t think Trump is thinking that far ahead.
His lack of understanding is a worry or his planning for increased conflict is worrying.
Parents are in such short supply these days, makes sense they’re at a premium. Most people don’t have more than two and a lot have less than that!
Yes, bank of mum and dad has become a bigger part of the economy over time.
The markups on drugs are so big that they could potentially just eat that. They won’t, of course, but they could.
It’s going to double everyone’s Healthcare insurance.
