President Trump has flagged that US tariffs on pharmaceutical imports are likely to kick in on Aug. 1, with duties on semiconductors also in line for implementation then too. “Probably at the end of the month,

In its Q2 earnings call Thursday, Novartis said it is moving quickly to reshore its drug manufacturing operations, but CEO Vas Narasimhan told reporters that for most medicines, it typically takes three to four years to completely relocate production.

President Donald Trump said he was likely to impose tariffs on pharmaceuticals as soon as the end of the month and that levies on semiconductors could come soon as well, suggesting that those import taxes could hit alongside broad “reciprocal” rates set for implementation on Aug.

The imposition of tariffs on pharmaceutical imports—either directly or indirectly through raw materials and active pharmaceutical ingredients (APIs)—can profoundly impact drug prices ...

But the impact of the tariff would likely go beyond its immediate costs. A pharmaceutical tariff could disrupt the world’s drug supply chain, discouraging companies from importing both finished ...

How might the healthcare landscape be impacted by tariffs? ... Will Trump Tariffs Impact Drug Prices and Healthcare Stocks? April 03, 2025 — 04:30 pm EDT.

So, tariffs may have a larger impact there. Not only that, but the generics Marketplace is a thin margin marketplace, so you could even see perhaps a curtailment of some supply as manufacturers decide they're not going to manufacture certain drugs that require increasing prices and raw materials that they can't pass on to the consumer.

Will Trump Tariffs Impact Drug Prices and Healthcare Stocks? Motley Fool YouTube, The Motley Fool. April 3, 2025 at 4:30 PM. Copied; How might the healthcare landscape be impacted by tariffs?