President Trump threatened tariffs of up to 200% on pharmaceuticals imported into the United States — but added that the levies wouldn’t likely be imposed for a year or more.
“They’re going to be tariffs at very high rate, like 200%,” Trump said during a cabinet meeting Tuesday. However, he indicated there would be a delay before the tariffs are implemented.
“We’ll give them a certain period of time to get their act together,” he said, suggesting a timeline of “about a year, year and a half.”
President Trump on Tuesday threatened to impose tariffs of up to 200% on pharmaceuticals imported into the United States. REUTERS
Commerce Secretary Howard Lutnick told CNBC that more details will be released at the end of the month.
“With pharmaceuticals and semiconductors, those studies are being completed at the end of the month, and so the president will then set his policies then,