{"id":584033,"date":"2026-04-04T01:45:11","date_gmt":"2026-04-04T01:45:11","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/584033\/"},"modified":"2026-04-04T01:45:11","modified_gmt":"2026-04-04T01:45:11","slug":"trump-sets-100-tariffs-on-prescription-drugs-from-companies-that-have-not-reached-a-deal-with-him-to-lower-prices","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/584033\/","title":{"rendered":"Trump sets 100% tariffs on prescription drugs from companies that have not reached a deal with him to lower prices"},"content":{"rendered":"

President Donald Trump<\/a> has set 100 percent tariffs on prescription drugs<\/a> from overseas companies that have not reached a deal with him to lower prices.<\/p>\n

On Thursday, one year after \u201cLiberation Day,\u201d<\/a> when Trump announced sweeping global tariffs that eventually got knocked down by the Supreme Court<\/a>, the president imposed new 100 percent tariffs on patented pharmaceuticals and their ingredients.<\/p>\n

Certain large companies will be hit with the tariffs in the next 120 days, and smaller companies will see them in 180 days, according to a White House memo<\/a>.<\/p>\n

\u201cDespite being the world leader in research and development for most innovative pharmaceuticals, the U.S. is heavily reliant on imports, threatening to limit U.S. access to life-saving medications in the event of global supply chain disruption,\u201d the memo read.<\/p>\n

\"President<\/p>\n

President Donald Trump has set 100 percent tariffs on prescription drugs from companies that have not reached a deal with him to lower prices (Getty Images)<\/p>\n

The Trump administration will not impose tariffs on companies that have entered into \u201cMost Favored Nation\u201d pricing agreements and deals to produce drugs in America.<\/p>\n

Trump issued an executive order<\/a> in May that directed administration officials to \u201ccommunicate most-favored-nation price targets to pharmaceutical manufacturers to bring prices for American patients in line with comparably developed nations.\u201d<\/p>\n

In the executive order, Trump talked about drug manufacturers scheming to \u201cdeeply discount their products to access foreign markets, and subsidize that decrease through enormously high prices in the United States.\u201d<\/p>\n

\u201cAs the largest purchaser of pharmaceuticals, Americans should get the best deal,\u201d he argued.<\/p>\n

\"The<\/p>\n

The tariffs were announced on the anniversary of Trump\u2019s \u2018Liberation Day,\u2019 which saw U.S. trading partners get hit with sweeping levies (AFP via Getty Images)<\/p>\n

Several pharmaceutical companies, including Eli Lilly <\/a>and Novo Nordisk<\/a>, have struck deals with the Trump administration to lower drug costs and invest in the U.S.<\/p>\n

Companies that enter into onshoring agreements but don\u2019t lower drug costs will be hit with a 20 percent tariff, according to the new memo.<\/p>\n

Some pharmaceutical products will be subject to lower tariffs if the U.S. already has a trade deal with the country of origin. If a product is from the European Union, Japan, Korea, Switzerland or Liechtenstein, a 15 percent tariff will be imposed.<\/p>\n

Speciality pharmaceutical products, such as orphan drugs and drugs for animal health, are exempt from the new tariffs if they are from countries with trade deals or \u201cmeet an urgent public health need,\u201d according to the memo.<\/p>\n

\"Several<\/p>\n

Several pharmaceutical companies, including Eli Lilly and Novo Nordisk, have struck deals with the Trump administration to lower drug costs and invest in the U.S. (Getty Images)<\/p>\n

One year ago today, Trump imposed a 10 percent tariff on all imported goods and additional reciprocal levies <\/a>against partners that his administration accused of unfair trade practices.<\/p>\n

Last month, the conservative-leaning Supreme Court ruled 6-3 that the tariffs brought under the 1977 International Emergency Economic Powers Act were unlawful<\/a>.<\/p>\n

\u201cThe president asserts the extraordinary power to unilaterally impose tariffs of unlimited amount, duration, and scope. In light of the breadth, history, and constitutional context of that asserted authority, he must identify clear congressional authorization to exercise it,\u201d Chief Justice John Roberts wrote in the decision.<\/p>\n

Some tariffs were not impacted by the Court\u2019s decision, including those imposed on specific sectors, such as aluminum or steel. These tariffs were imposed under Section 232 of the 1962 Trade Expansion Act, the same law that Trump used to impose the pharmaceutical tariffs.<\/p>\n","protected":false},"excerpt":{"rendered":"President Donald Trump has set 100 percent tariffs on prescription drugs from overseas companies that have not reached…\n","protected":false},"author":2,"featured_media":584034,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[33],"tags":[64,63,2490,137,11280,490,5418,4334,24019,285970],"class_list":{"0":"post-584033","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-medication","8":"tag-au","9":"tag-australia","10":"tag-donald-trump","11":"tag-health","12":"tag-liberation-day","13":"tag-medication","14":"tag-medications","15":"tag-pharmaceuticals","16":"tag-prescription-drugs","17":"tag-the-supreme-court"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/584033","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=584033"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/584033\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/584034"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=584033"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=584033"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=584033"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}