politics @lemmy.world · 9 days ago

Trump signs 100% tariff on brand-name pharmaceuticals

www.usatoday.com

245 found this helpful

Trump signs 100% tariff on brand-name pharmaceuticals

www.usatoday.com

tacoplease@lemmy.world to

politics @lemmy.world · 9 days ago

Drug companies that commit to moving production to the U.S. will face a 20% tariff and no tariff if they also agree to lower prices.

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Jiral@lemmy.org
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20 found this helpful·
9 days ago
A lot of pharmaceuticals are non-flexible markets. In other words, companies can simply pass on the 100% tax to those who need the medicine.
- Madison420@lemmy.world
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  12 found this helpful·
  9 days ago
  That’s the idea.

politics @lemmy.world

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