About 53% of patented pharmaceutical products distributed in the US are produced abroad, the proclamation states
Fox News -- Eric Daugherty, Bio and Archives--April 3, 2026
News in Brief—News Headlines | Comments | Reader Friendly | Subscribe | Email Us
President Donald Trump on Thursday proclaimed that certain imported patented pharmaceuticals and related ingredients could face tariffs of up to 100%, framing the move as a national security measure and intensifying his push to bring drug manufacturing back to the United States.
The proclamation creates a tiered system for drugmakers: companies with Commerce Department-approved plans to onshore production could face a 20% tariff instead, while some firms that strike pricing and manufacturing agreements with the administration could receive zero-tariff treatment for a period.
A senior administration official said the policy amounts to a "100% tax" on drugs produced abroad. ---More...
???? BREAKING: President Trump has just slapped a whopping 100% PERCENT TARIFF on Big Pharma drugs who refused to give Americans lower Most Favored Nations pricing
— Eric Daugherty (@EricLDaugh)April 2, 2026
One way to lower their tariffs is to ONSHORE PRODUCTION to the USA! ????
Another win from President Trump ???????? pic.twitter.com/HeQSTbi90e
President Trump has just slapped a whopping 100% PERCENT TARIFF on Big Pharma drugs who refused to give Americans lower Most Favored Nations pricing
One way to lower their tariffs is to ONSHORE PRODUCTION to the USA!
View Comments
Breaking News, Latest News and Current News from Fox News. Breaking news and video. Latest Current News: U.S.,