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Adjusting Imports of Pharmaceuticals and Pharmaceutical Ingredients into the United States - The White House (.gov)
Overview
The president issued a proclamation directing changes to the import treatment of pharmaceuticals and pharmaceutical ingredients based on a recent Commerce Department investigation; that proclamation is being used to impose 100% tariffs on patented drugs to push for lower U.S. prices. The move implements policy adjustments recommended by the Commerce Secretary and immediately raised pressure on drugmakers, prompting several pricing agreements. Because it relies on trade-investigation authorities, the action could heighten tensions with trading partners and invite legal and diplomatic challenges.
Entities
ORGThe White HouseORGDepartment of CommerceORGOffice of the President
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