President Donald Trump announced Tuesday night that his administration will soon impose major tariffs on foreign-made pharmaceuticals, forcing drug companies to bring their operations back to U.S. soil where they belong.
Speaking at a National Republican Congressional Committee (NRCC) dinner, the president delivered a fiery message to Big Pharma: Return to America or pay the price.
For years, Big Pharma has been shipping jobs overseas, cutting costs while American families pay the price.
President Trump’s proposed tariffs promise to flip that script. With most pharmaceutical companies relying heavily on the U.S. market for profit, Trump is betting they’ll have no choice but to bring manufacturing home, creating jobs and ending dependence on hostile foreign nations like China.