WASHINGTON — President Trump on Thursday evening threatened pharmaceutical companies with a 100% tariff unless they build manufacturing plants in the U.S.
The tariff would begin on Oct. 1 and could affect all “branded or patented” drugs, the president said in a social media post . Companies could avoid it by building manufacturing facilities in the U.S., Trump said, defining “building” as “‘breaking ground’ and/or ‘under construction.’”
The post, part of a series of tariff threats that also included kitchen cabinets, countertops, and heavy trucks, comes days before a deadline the president set for pharma companies to lower their prices.
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