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#personalfinance

80 posts18 participants14 posts today
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Public
Nonilex

…The group has argued #tariffs would undermine efforts to boost domestic manufacturing, a goal of #Trump.

#Pharmaceutical products have long been spared from trade wars due to the potential harms, but he has repeatedly threatened a 25% tariff on pharmaceutical imports.

Last week, the Trump admin announced probes into pharmaceutical imports, citing [BS] #NationalSecurity concerns over reliance on foreign #drug production.

#economy#PersonalFinance#medicine
Public
Nonilex

Exclusive: US #pharma #tariffs would raise US drug costs by $51B annually

A 25% #Trump #tariff on #pharmaceutical imports would increase US #drug #costs by nearly $51 billion annually, boosting US #prices by as much as 12.9% if passed on, a report commissioned by the industry's US #trade group & reviewed by Reuters shows.

#economy #PersonalFinance #medicine #drugs #pharmaceuticals #inflation #recession
reuters.com/business/healthcar

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