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Trump’s Tariff Rollercoaster Keeps Pharma On Edge

 
• By Jessica Merrill

The rollout of Trump’s tariff plan has been a policy whiplash, but despite a 90-day pause on tariffs, it appears the US president is still holding a grudge with industry over drug pricing.

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Key Takeaways
  • Tariffs on US drug imports could still be coming but Trump’s decision to pause tariffs with most global trade partners for 90 days suggests they won’t be immediate.
  • Comments Trump made insinuating that “major” pharma tariffs are imminent led to a sector selloff early on 9 April before he paused most tariffs later in the day.
  • Trump continued to rail against US drug prices versus other countries, however, a different issue that could carry its own policy concerns for pharma.

US President Donald Trump continued his suggestions that pharmaceutical tariffs are imminent at a Republican National Committee dinner on 8 April, but the next afternoon he announced a 90-day pause...

While the morning of 9 April saw a sector selloff on Wall Street, the markets reversed course later as news of the pause stoked hopes of an off-ramp in Trump’s...

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