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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[–] 143 points 1 year ago (6 children)

Are Americans ready for even more expensive healthcare? I doubt it.

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  • [–] 3 points 1 year ago (1 child)

    Some of us need prescription meds (that are already expensive) from places like Germany, so this gives these particular people the choice of being treated medically or being housed, which I argue neither is a healthy option because we are weighing two physiological needs against one another.

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  • [–] 86 points 1 year ago (3 children)

    Right, because a week's notice is entirely sufficient for companies to build up manufacturing capacity for highly regulated pharmaceuticals.

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  • [–] 52 points 1 year ago

    If the Hyundai incident taught international companies one lesson, it's not to invest in a production facility in the US.

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  • [–] 40 points 1 year ago (2 children)

    No one is investing in a dying kakistocracy. It's a money losing venture. Investors are getting stomped on.

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  • [–] 32 points 1 year ago

    "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."

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  • Genius idea. They will never touch the manufacturing facilities unlike Hyundai's. /s

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  • [–] 21 points 1 year ago (3 children)

    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.

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  • [–] 12 points 1 year ago (2 children)

    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.

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  • [–] 16 points 1 year ago (2 children)

    This is why Trump blew up that Venezuelan ship. They didn't pay their tarrifs.

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  • [–] 13 points 1 year ago

    More American suffering for a felon rapist child fucker.

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  • [–] 12 points 1 year ago

    Once again, Trump demonstrating that he doesn't know how tariffs actually work

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  • [–] 11 points 1 year ago

    Does that include Israel?

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  • [–] 11 points 1 year ago

    And producing locally is by now 200% more expensive so they importers still own the market.

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  • [+] 10 points 1 year ago* (last edited 8 months ago)
    [–] 9 points 1 year ago (1 child)

    The markups on drugs are so big that they could potentially just eat that. They won't, of course, but they could.

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  • [–] 9 points 1 year ago*

    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.

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  • [–] 9 points 1 year ago (1 child)

    Pharmaceutical plants take several years to build, and a shit ton of money, especially since the equipment is all made in Europe and China, not that Republicans care.

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  • [–] 8 points 1 year ago (1 child)

    Everyone assumes that this is just a ham-fisted attempt to bring manufacturing back to the USA. What if the goal is really just to collect more money for the government to help cover such gross ineficiencies as the tax cuts for the ultra wealthy? In other words, it's in effect a massive tax increase on the rest of us. After all, a tariff is nothing more than a tax levied on your own citizens.

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  • [–] 10 points 1 year ago

    Everyone assumes that this is just a ham-fisted attempt to bring manufacturing back to the USA. What if the goal is really just to collect more money for the government to help cover such gross ineficiencies as the tax cuts for the ultra wealthy?

    Ummm....no. The goal is that these companies pay Trump big money in "donations" and in return, he exempts them.

    Trump isn't in it for anything except his own pockets. He doesn't give a shit about the country. He doesn't even give a shit about project 2025.

    He literally wanted to be president again to avoid going to jail, and when the Heritage foundation approached him and said "we'll get you reelected and in exchange you make our guy Vance your vice-president and let us have carte blanche to enact this big binder full of christian nationalist policies." He said "You've got a deal" because he doesn't give a shit. He's making bank while letting people smarter than him tell him what to say.

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  • [–] 7 points 1 year ago

    Drugs are going down 1000% for sure!

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  • [–] 6 points 1 year ago

    Are ya winning yet?

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  • [–] 5 points 1 year ago

    Well I guess I didn't need to eat as much anyways.

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  • [–] 4 points 1 year ago (1 child)

    Cooooolsies! (but you know when Robert Evans’ voice)

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  • [–] 4 points 1 year ago (1 child)

    Still not understanding how tariffs work, eh

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  • [–] 3 points 1 year ago

    guess Tylenol gets a pass?

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  • [–] 3 points 1 year ago

    Hollywood gaining 10kg per capita in a month. Welcome back Jonah...

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  • [–] 3 points 1 year ago

    Just what we need, more expensive drugs!

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