Close Menu
Finance News
    What's Hot

    U.S. May Impose Complete Tariff on Imported Branded Drugs if Not Made Locally

    October 4, 2025

    U.S. May Impose Complete Tariff on Imported Branded Drugs if Not Made Locally

    September 28, 2025

    Australian Banks’ Software Under Review for Possible Social Media Ban

    September 19, 2025
    Facebook X (Twitter) Instagram
    Finance NewsFinance News
    • Home
    • About Us
    • Contact Us
    • Contribute Guest Post
    Facebook X (Twitter) Instagram
    Trending
    • U.S. May Impose Complete Tariff on Imported Branded Drugs if Not Made Locally
    • U.S. May Impose Complete Tariff on Imported Branded Drugs if Not Made Locally
    • Australian Banks’ Software Under Review for Possible Social Media Ban
    • Everything You Need to Know About Apple’s Big Event: iPhone 17 Air, AirPods Pro 3, and More
    • The AI Revolution Powering the Next Era of Web3
    • Why Crypto Investment Consulting Is More Important Than Ever in 2026
    • Stop Living Paycheck to Paycheck: Easy Steps to Save Money for the Future
    • Navigating the Impact of AI Integration on Financial Services
    Finance News
    • Home
    • About Us
    • Contact Us
    • Submit Guest Post

    U.S. May Impose Complete Tariff on Imported Branded Drugs if Not Made Locally

    News September 28, 20253 Mins Read
    U.S. May Impose Complete Tariff on Imported Branded Drugs
    Share
    Facebook Twitter LinkedIn Pinterest Email

    Starting October 1, 2025, the U.S. will impose a 100% tariff on all branded and patented pharmaceutical drugs imported into the country, unless the drug companies are actively building manufacturing plants in the United States, President Donald Trump announced.

    U.S. to impose 100% tariff on branded, patented drugs unless firms build plants locally, Trump says https://t.co/K3v1MTVAed

    — CNBC (@CNBC) September 25, 2025

    New Tariff Announcement

    President Trump declared this important new tariff rule on Thursday. He clarified that the 100% tariff will only apply to those companies that do not have a U.S. manufacturing facility under construction. In his post on the social media platform Truth Social, Trump explained that the phrase “IS BUILDING” means the company must have already “broken ground” or be “under construction” on a drug manufacturing plant in the U.S. This means drug companies can avoid the high tax if they have started construction on new facilities.

    A Push for Local Manufacturing

    The tariff measure aims to make pharmaceutical companies set up manufacturing plants in the U.S. as opposed to depending on the importation of medicines into the country. Trump has claimed that this will boost the US supply chain of necessary drugs and also reduce drug prices, although analysts argue that price reductions because of tariffs are not likely. The president argues that building more drug production inside America will benefit the country’s national security and economy.

    Industry Reaction

    Some pharmaceutical companies have already announced large spending plans to build or expand U.S. manufacturing plants. For example, Eli Lilly recently revealed investments totaling billions of dollars to build new drug plants in Texas and Virginia. However, building these facilities takes years, and some worry whether the construction timelines will satisfy the tariff exemption rules.

    Broader Tariff Measures

    Along with the new drug tariffs, Trump also announced tariffs on other imported products. Some of the products included are a 25% duty on heavy trucks, 50% duty on bathroom vanities and kitchen cabinets, and 30% duty on upholstered furniture. All these tariffs come into force on October 1 and are part of Trump’s larger approach to protect American employment and manufacturing.

    Impact and Uncertainties

    The 100% tariff will affect branded or patented drugs, which are new drug products with patents. Low-cost generic drugs might not be affected. The policy would disrupt the supply chain for drugs and raise drug prices for American consumers unless industry makers change their production to the U.S. Indian drug manufacturers, being a large provider of drugs to the U.S., are closely monitoring the situation as the tariff could be applied to trade with the two nations.

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email
    Previous ArticleAustralian Banks’ Software Under Review for Possible Social Media Ban
    Next Article U.S. May Impose Complete Tariff on Imported Branded Drugs if Not Made Locally

    Related Posts

    U.S. May Impose Complete Tariff on Imported Branded Drugs if Not Made Locally

    October 4, 2025

    Australian Banks’ Software Under Review for Possible Social Media Ban

    September 19, 2025

    Everything You Need to Know About Apple’s Big Event: iPhone 17 Air, AirPods Pro 3, and More

    September 10, 2025
    Recent Posts

    U.S. May Impose Complete Tariff on Imported Branded Drugs if Not Made Locally

    October 4, 2025

    U.S. May Impose Complete Tariff on Imported Branded Drugs if Not Made Locally

    September 28, 2025

    Australian Banks’ Software Under Review for Possible Social Media Ban

    September 19, 2025

    Everything You Need to Know About Apple’s Big Event: iPhone 17 Air, AirPods Pro 3, and More

    September 10, 2025

    The AI Revolution Powering the Next Era of Web3

    September 3, 2025
    About Us

    We're a dedicated finance blog committed to simplifying complex financial concepts for everyone. From budgeting tips to investment strategies, we empower readers to make informed decisions about their money. Join us on the journey to achieving financial freedom and security. Our mission is to empower readers with the knowledge and tools they need to make informed financial decisions, achieve their goals, and build a secure future. By breaking down complex financial concepts and sharing expert advice, we strive to be your trusted partner on the journey to financial freedom and lasting security.

    Facebook X (Twitter) Instagram Pinterest YouTube
    Latest Posts

    U.S. May Impose Complete Tariff on Imported Branded Drugs if Not Made Locally

    U.S. May Impose Complete Tariff on Imported Branded Drugs if Not Made Locally

    Australian Banks’ Software Under Review for Possible Social Media Ban

    Trending Today

    Understanding Why Your Dealership Wants to Buy Back Your Car

    Strategic Tax Planning Tips for Sole Traders to Improve Cash Flow

    Use these Six Tips to Climb Out of Debt

    Type above and press Enter to search. Press Esc to cancel.