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Drug Tariffs Cure Nothing and Are a Tax Increase
Sally C. Pipes
These are the problems the Trump administration should prioritize solving if it wants to revive American drug manufacturing.
Instead, the president and his team are opting for punitive new taxes that could harm the health of millions of Americans.
President Donald Trump has made no secret of his desire for sweeping tariffs on pharmaceuticals.
Last month, the president threatened tariffs as high as 200% on imported drugs.
The trade deal with the European Union (EU) finalized July 27 includes a 15% levy on medicines imported from the continent.
Drug tariffs of any kind are bad policy.
Read the Newsmax op-ed.
Nothing contained in this blog is to be construed as necessarily reflecting the views of the Pacific Research Institute or as an attempt to thwart or aid the passage of any legislation.