Starting October 1, the United States will impose a 100% tariff on branded or patented pharmaceutical drugs unless manufacturers are building a plant in America, President Donald Trump posted on Truth Social late Thursday.
“IS BUILDING” will be defined as, ‘breaking ground’ and/or ‘under construction,’” Trump said. “There will, therefore, be no Tariff on these Pharmaceutical Products if construction has started.”
As of Friday, the administration had released no official documents related to the tariff announcement, the American Hospital Association said.