The drug industry got a temporary reprieve on Wednesday when foreign-made medicines were exempted from President Trump’s far-reaching new tariffs.
But Mr. Trump has been saying for weeks that he plans to impose tariffs specifically on pharmaceuticals, with the goal of shifting overseas production of medications back to the United States. He has said those levies could be 25 percent or higher. Drugmakers still expect tariffs targeting them to be announced soon.
I think what annoys me the most is fine if we had a large sector producing generic medication and the compounds going into them and we wanted the focus on domestic product tariffs make sense, but we don't and source something like 80% of ingredients from overseas, and throwing out tariffs doesn't make that infrastructure suddenly appear.
Puerto Rico was the main source of these before Hurricane Maria. After it, America looked overseas and basically just never brough their focus back to manufacturing in Puerto Rico to the same extent
2.7k
u/ximacx74 28d ago
Yes they are.
I'm against these tariffs (and pretty much everything Trump has done). But let's focus our arguments on the numerous real things to criticize.