Trump’s Tariffs May Target Pharmaceuticals—Here’s How Drug Prices Could Change

Forbes

Commonly used drugs like Novo Nordisk’s Ozempic were exempt from President Donald Trump’s expansive reciprocal tariffs announced earlier this week, which are expected to drive prices up across several industries, though analysts and Trump have warned that future tariffs will likely target imported medicines.  Read the full story on Forbes: https://www.forbes.com/sites/tylerroush/2025/04/04/trumps-tariffs-may-target-pharmaceuticals-heres-how-drug-prices-could-change/  Subscribe to FORBES: https://www.youtube.com/user/Forbes?sub_confirmation=1  Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more:  https://account.forbes.com/membership/?utm_source=youtube&utm_medium=display&utm_campaign=growth_non-sub_paid_subscribe_ytdescript  Stay Connected Forbes newsletters: https://newsletters.editorial.forbes.com Forbes on Facebook: http://fb.com/forbes Forbes Video on Twitter: http://www.twitter.com/forbes Forbes Video on Instagram: http://instagram.com/forbes More From Forbes:  http://forbes.com  Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.

Transcript

00:00Trump's tariffs may impact drug prices. Here's what you need to know. Commonly used drugs like

00:05Ozempic were exempt from Trump's reciprocal tariffs announced this week. However, the

00:10president and analysts have warned that future tariffs will likely target imported medicines.

00:16Trump warned pharmaceutical companies to return production to the United States, saying, quote,

00:22they are going to come roaring back. They're all going to come back to our country because if they

00:27don't, they've got a big tax to pay. It's unclear how pharmaceutical companies would respond to

00:33tariffs, including whether tariffs would drive up the prices for generic drugs. However, research

00:38found that $3 billion of pharmaceuticals sold in the United States rely on Canadian manufacturing,

00:45and tariffs on pharmaceuticals would likely add $750 million in cost. Read more at Forbes.com.

Category

Transcript

Recommended