President Donald Trump has indicated the possibility of imposing tariffs on imported pharmaceuticals that could rise up to 250%, indicating the highest rate he has proposed so far.
President Trump shared his plans to initially impose a “small tariff” on pharmaceuticals, with the goal of raising it to 150%, and eventually to 250% within a year to 18 months, on CNBC's "Squawk Box" on Tuesday. The move is part of his broader strategy to encourage drug companies to bring their manufacturing operations back to the United States.
