Posted on 04/08/2025 7:45:40 PM PDT by Macho MAGA Man
Benny Johnson @bennyjohnson
đ¨BREAKING: President Trump announces MASSIVE tariffs are coming VERY shortly on pharmaceuticals.
THIS is what I voted for:
"We're gonna tariff our pharmaceuticals ... we're going to be announcing very shortly a major tariff on pharmaceuticals."
From Aaron Rupar
8:00 PM ¡ Apr 8, 2025
(Excerpt) Read more at x.com ...
It’s really happening!!!
Provided these are on drugs that can be manufactured by at least one manufacturer in the U.S. easily and that multiple additional manufacturers are capable of entering the market quickly this is a solid idea that should move jobs home and shorten the supply chain on items that a long supply chain is very undesirable for.
If there are drugs that are not manufactured in the U.S. that it takes long time to gear up for, or cannot be manufactured in the U.S. one is dealing with a potential disaster.
I’d be interested in the insights of someone who knows a good deal about patents and more about micro-economics than I do (I do have an A.B. in economics, although I haven’t used it much, so I know a little bit and remember knowing more).
Yes it is and we can thank RFK Jr. for instigating Trump to do this.
I wonder how many of the pharmaceutical factories in Puerto Rico (where many different prescription drugs were made before being âoff shoredâ to India and other foreign nations) are still in existence but âmothballedâ. The pharmaceutical companies would be wise to quickly start the REPATRIATION process.
It’s a bad idea.
You don’t want American patients fearing for their drugs (and lives) running wild in the streets or overwhelming the telephones lines to Congress.
I think Trump means add a federal surcharge on shipments of American drugs to cheapskate foreign countries, just as the Canadian guy raised the price of Canadian electricity sent to the USA.
If the US pays $10 a pill and a European country pays $2 a pill, Trump would add an $8 surcharge on each pill destined for that country.
Is he tariffing exports or imports?
There are problems with the system everything from financing drug development to sales and PBMs and advertising and physicians and more. It works in a very perverted way. But it works. Mostly. The incentives are a little screwy and the libertarian in me says we need to loosen the regulations. Just a bit. It will cause other problems but would likewise reduce costs.
Export tariffs are unconstitutional.
One of the funniest gifs ever
â This is huge!â
Certainly is if true.
Over 700 billion spent on pharmaceuticals a year.
Expect some pain.
Thatâs how I read it⌠except itâs fairly easy to offshore drug production. In the grand scheme it costs next to nothing compared to what the drugs make. Efficiency will drop a tiny bit as would profits ( a tiny bit) but if it costs a few tens of millions to build and operate a multi billion dollar facility in Europe it is worth it vs a 400% increase in tariffs. The only cases where it could work may be where patents are protected, but still the patent holder could build multiple facilities or the host countries could just invalidate the patents. Or the patent could be revoked which would be the biggest risk of all.
Bkmrk
It's a tariff NOT AN EMBARGO. Do know the differnce?
This is that weasel dick lamentations of a loser 3rd world nation. Embarrassing.
80% of all drugs are made overseas in India and China.
I take a drug called Farxiga, here in the U.S. my co-pay would be, with insurance, about $125 a month. For the same price I can buy a year’s supply from India.
We already pay higher prices for prescription drugs than almost any other country. That is directly the result of pharmaceutical companies renting legislators.
Big Pharma went with the arbitrage business model of "3rd world manufacturing costs and 1st world prices" a long time ago. The tariffs will not improve that model.
Enforcement of Sherman anti-trust and Robinson-Patman laws are needed. I see no indications that this is even being considered.
Big Pharma will simply continue to rape and pillage their customer base and pass through the costs of the tariffs. The consequences will be unpleasant in both short and long term.
Do Freepers know the difference between a tariff and an embargo? Some of the posts are so f'g lame I want to shoot the screen with my .38.
I doubt there are any drugs the U.S.A. can’t handle. The question is: After the Covid Beatdown, why in the world haven’t we onshored it already?
Are you getting it from a reliable company? Any problems with delivery? Did your doctor have to contact them with a prescription?
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