Trump Says His Administration Will Impose Tariffs On Pharmaceuticals 'Very Shortly'
HuffPost
The president defended his controversial trade policy in a speech before the National Republican Congressional Committee.
President Donald Trump on Tuesday announced his next target for tariffs: the pharmaceutical industry.
In remarks before the National Republican Congressional Committee, Trump said his administration will “be announcing very shortly a major tariff on pharmaceuticals” made abroad.
While pharmaceuticals were exempt from the president’s first round of tariffs, he has long touted his plan of bringing back drug manufacturing to the U.S. and appears to believe this action will help advance this goal.
“When they hear that, they will leave China, they will leave other places because they have to sell, most of their product is sold here,” Trump said. “And they’re going to be opening up their plants all over the place in our country.”
Trump noted that the advantage the U.S. has “over everybody is that we’re the big market.”
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