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US President Trump's tariff stick has made a new move.
U.S. President Donald Trump said on Twitter that from October 1st, all imported branded drugs and medicines will be patented. Impose 100% tariffHe previously imposed such tariffs on furniture, and now on drugs, the Americans will be guilty again.
Talking about so much policy, or to get manufacturing flow back to the United States.
In this case, the European allies who just negotiated with the United States last month on the ceiling on drug tariffs were directly embarrassed, this new tariff came out, is the trade between the two sides calculated according to the previous or according to this?
Trump's tariff scope this time is quite largeIn addition to medicines, there are kitchen, bathroom cabinets, sofas and other furniture, as well as foreign-made trucks.
Now Trump's intention is clear: not to build a factory in the United States, wait to pay taxes! is to force the pharmaceutical factories to move the production lines to the United States.
But so far the White House hasn’t made any concrete measures, nor has it said that European pharmaceuticals can be exempt from taxes, so now the global pharmaceutical companies are shy and don’t know what these things are.
As the news goes, European pharmaceutical companies’ stock prices are beginning to fall.For example, Denmark’s Norwegian North fell 3.1 percent, Britain’s Greensboro fell 1.1 percent, and Aslikon fell 1.6 percent.
Even more troubling is the fact that the previous U.S. and European drug tariff agreement could be blown up, with tariffs on drugs and other commodities at the top of 15 percent, which Trump said was right now.
The Belgian Pharmaceutical Federation protested that this violated the previous agreement. The Brussels pharmaceutical group was also full of complaints.
Trump's policy has changed, there is no exact number, so how do you do business?
Last year, the United States imported drugs mainly from Ireland, Switzerland and Singapore, and the impact of this tariff will be very wide.
The pharmacists also said,At that time, these tariffs will still be passed on to consumers, making them unable to buy cheaper medicines. In the end, Americans pay for the tariff stick.
The U.S. Drug Research Association also said the tariffs would affect pharmaceutical companies’ investment plans in the U.S. because “if you pay the tariffs, you don’t have the money to make medicines in the U.S. or the money to research new drugs.”
Data from the U.S. Bureau of Labor Statistics show that because of the previous tariffs, the price of furniture in the U.S. market in August 2025 increased by 4.7%.
In response to Trump’s pressure.Several pharmaceutical companies have already started operations.Now and North is building a large factory in North Carolina.
The company also says it will build four new manufacturing bases in the United States this year. However, some people think that this may be just a slowdown.
For example, Norwegian’s diabetic pills and weight loss pills Ozempic and Vegovy, with the main ingredients coming from Denmark, have made the key steps of the diabetic pills Munjaro in Ireland.
Since Trump took office in January, he has threatened to raise tariffs on imported drugs, forcing European pharmaceutical companies to build factories in the United States.
In May, he also signed an executive order, and at the end of July, he sent letters to 17 multinational pharmaceutical companies, asking them to reduce drug prices by 1,400% to 1,500%. September 29th is the deadline.
Bloomberg said that Singapore and Switzerland were the most affected this time.
When Japan, the European Union and Britain recently negotiated trade agreements with the United States, they set the highest benchmark tariffs on specific products such as drugs, but the tax rates have not been formally determined.
The relevant departments said that the U.S. drug tariffs are mainly aimed at branded drugs, that is, they say "original drug" and "new drug", generally raw drugs and academic drugs have no impact.
According to the head of the department, for a rough estimate, there are currently approximately 214 imported drugs in the patent period, of which about 75 are irreplaceable essential drugs, which will be more impacted.
There are reports from the Institute that Trump’s tariff policy actually works.
In January 2025, consumer goods imported $89 billion, actually charged $3.2 billion in tariffs, with the actual tax rate calculated at only 3.6 percent, and the figures on the surface are far from the same.
The tariff revenue for the fiscal year 2025 is $122 billion, but that’s just 6.5 percent of the CBO’s $1.9 trillion deficit forecast, and 2.4 percent of the entire year’s total revenue, and it’s not the same thing as Trump says “tariffs can greatly reduce the deficit.”
Even though federal revenue increased by $262 billion in the same period, the deficit expanded by $112 billion.
Because enterprises will use inventory first, and then increase the price, so the impact of tariffs on prices generally takes three to six months to see, and some cost importers themselves digested.
In other words, the price increases caused by tariffs may not slowly appear in a few months.
Trump's tariff policy makes EU trading partners very unhappy, and it also makes it difficult for American pharmaceutical companies. The boss of Germany's Bayer Group warned that if this continues for a long time, it will affect the operation and research and development of pharmaceutical companies and damage the innovation and competitiveness of the industry.
The American Chamber of Commerce said before, don't impose tariffs on trucks, because the top truck importing countries in the United States are allies or good partners, and "there is no threat to American security". But Trump didn't listen at all.
Looking forward to the coming of October 1st, we Americans may be facing: the price of drugs may rise, and some may not be able to afford the medicine.
References:
1. "Collective plunge! Trump announced: 100% tariffs" 2025-09-26 | Source: ifeng.com
The US Official Announcement: Implementing the US-EU Trade Agreement to Impose a 15% Tariff on EU Cars, 2025-09-25
Heavy Cards, Medicines, Furniture... What is the U.S. Customs Barrel? 2025-09-27 Source: Light Net
A new wave of Trump tariffs is coming, pharmaceutical companies, car companies, furniture companies are mourning, 2025-09-26