US President Donald Trump has announced a starting date for his much-mooted tariffs on imported pharmaceuticals, a move which could increase medicine prices for US residents.

"Starting October 1st, 2025, we will be imposing a 100% Tariff on any branded or patented Pharmaceutical Product, unless a Company IS BUILDING their Pharmaceutical Manufacturing Plant in America," Trump wrote on Truth Social

"'IS BUILDING' will be defined as, 'breaking ground' and/or 'under construction.' There will, therefore, be no Tariff on these Pharmaceutical Products if construction has started. Thank you for your attention to this matter!"

If the costs of the tariffs are passed on to consumers, the price of imported medicine in the US could effectively double.

This is also a decision that will have a poten

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