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Will generic drugmakers bring manufacturing capacity to the US or will tariffs mean they'll simply hike the cost of the generic ibuprofen in your bathroom cabinet, adding wallet-ache to headache? We should find out … in the next year or two.
In a social media post, President Trump threatened companies Tuesday with 100% tariffs on imported generic drugs from August 2028, doubling to 200% one year later (months after the end of his second term) if they don't "reshore" manufacturing to the US.
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READ ALSO: Blackstone's AI Bet Fuels Blowout Growth While Rivals Grapple With "Zombie Funds" and Defense Contractors Amass Record Backlogs as Military Spending Ramps Up
#sign #Manufacturing #cost
Will generic drugmakers bring manufacturing capacity to the US or will tariffs mean they'll simply hike the cost of the generic ibuprofen in your bathroom cabinet, adding wallet-ache to headache? We should find out … in the next year or two.
In a social media post, President Trump threatened companies Tuesday with 100% tariffs on imported generic drugs from August 2028, doubling to 200% one year later (months after the end of his second term) if they don't "reshore" manufacturing to the US.
Sign up for The Daily Upside at no cost for premium ****** ysis on all your favorite stocks.
READ ALSO: Blackstone's AI Bet Fuels Blowout Growth While Rivals Grapple With "Zombie Funds" and Defense Contractors Amass Record Backlogs as Military Spending Ramps Up
#sign #Manufacturing #cost
10 days ago
