President Donald Trump said on July 8 that he will impose tariffs of up to 200 percent on pharmaceutical products imported into the United States.
Trump told a Cabinet meeting that his administration will unveil the tariffs “very soon,” but they will not take effect immediately.
“We’re going to give people about a year, a year and a half, to come in, and after that, they’re going to be tariffed,” the president said, without specifying a date for when the tariffs may take effect.
“If they have to bring pharmaceuticals into the country, the drugs and other things into the country, they’re going to be tariffed at a very, very high rate, like 200 percent.”…
Trump Says Tariffs on Pharmaceutical Imports Could Increase to 200 Percent
