US President Donald Trump talks with news members at Lehigh Valley International Airport in Allentown, Pennsylvania, on August 3, 2025.
Ken Sedno | Reuters
president Donald Trump Tell CNBC’s “Squawk Box“On Tuesday, tariffs on drugs planned to be imported into the U.S. could end up reaching 250%, the highest interest rate he has Threats so far.
He said he would initially impose “small tariffs” on drugs, but then “maximum” one year to one and a half years, he would increase that rate to 150% and then 250%.
The president repeatedly threatened the tariff proposal, so there is no guarantee that he will eventually set drug tariffs at a rate of 250%. In early July, Trump had Threat 200% tariff On medicine.
The Trump administration initiated the so-called Article 232 in April investigation About medicines. This is a legal body that allows the Minister of Commerce to investigate the impact of imports on national security.
The taxes in these plans will hit the pharmaceutical industry, which warned that tariffs can raise costs, block investment in the U.S. and disrupt drug supply chains, putting patients at risk. Drugmakers have already had consequences in Trump’s drug pricing policy, which they believe threatens both their bottom line and their ability to invest in research and development.
These include a May executive order that restores controversial plans to “most favored nations” policies aimed at cutting drug costs by delaying the price of certain U.S. drugs to lower drugs abroad.
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