Trump says US pharma tariffs coming in not-too-distant future

U.S. President Donald Trump said on Monday (April 14) that he expects to impose tariffs on imported pharmaceuticals in the not-too-distant future.

Transcript

00:00...needed to be returned, that you would abide by that.

00:02You said that on Air Force One just a few days ago.

00:04We don't make our own drugs, our own pharmaceuticals.

00:07We don't make our own drugs anymore.

00:08The drug companies are in Ireland, and they're in lots of other places, China.

00:14And all I have to do is impose a tariff.

00:18The more, the faster they move in.

00:20The higher the tariff, it's inversely proportional.

00:24The higher the tariff, the faster they come.

00:27Do you have a percentage in mind at the timeline?

00:29I have a timeline.

00:30Yeah, not too distant future.

00:32We're doing it because we want to make our own drugs.