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.
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More American suffering for a felon rapist child fucker.
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.
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.
This is why Trump blew up that Venezuelan ship. They didn’t pay their tarrifs.
Underrated comment of the year. Possibly of the entire fediverse… we’re fairly new 🤣
He wants the cartels to build domestic manufacturing instead.
Drugs are going down 1000% for sure!
And producing locally is by now 200% more expensive so they importers still own the market.
Genius idea. They will never touch the manufacturing facilities unlike Hyundai’s. /s
Does that include Israel?
If the Hyundai incident taught international companies one lesson, it’s not to invest in a production facility in the US.
“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.”
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.
Are ya winning yet?
Well I guess I didn’t need to eat as much anyways.
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.
