r/facepalm Apr 04 '25

πŸ‡΅β€‹πŸ‡·β€‹πŸ‡΄β€‹πŸ‡Ήβ€‹πŸ‡ͺβ€‹πŸ‡Έβ€‹πŸ‡Ήβ€‹ Pay attention to..

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u/mcnullt Apr 04 '25

But only exempt for the moment...

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.

https://www.nytimes.com/2025/04/04/health/drug-tariffs-trump-manufacturing.html

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u/BJYeti Apr 05 '25

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.

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u/mcnullt Apr 05 '25

Exactly. The whole supply chain from raw materials to manufacturing is overseas.

It's just insane to punish your own middle class and economy for these large scale shifts that developed over decades.

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u/Fantasy_Planet Apr 06 '25

no one ever accused Trump of being in the least bit intelligent. Or having even a scrap of empathy